The Journal of Libertarian Studies

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Toward a Free Market Monetary System

The Journal of Libertarian Studies

Tags Free MarketsMonetary Theory

07/30/2014Friedrich A. Hayek

A lecture delivered at the Gold and Monetary Conference, New Orleans, La., November 10, 1977, by F.A. Hayek on more efficient monetary systems.

Volume 3, Number 1 (1979)


Friedrich A. Hayek

F. A. Hayek (1899–1992) is undoubtedly the most eminent of the modern Austrian economists, and a founding board member of the Mises Institute. Student of Friedrich von Wieser, protégé and colleague of Ludwig von Mises, and foremost representative of an outstanding generation of Austrian School theorists, Hayek was more successful than anyone else in spreading Austrian ideas throughout the English-speaking world. He shared the 1974 Nobel Prize in Economics with ideological rival Gunnar Myrdal "for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena."  Among mainstream economists, he is mainly known for his popular The Road to Serfdom  (1944).

Cite This Article

Hayek, F.A. "Toward a Free Market Monetary System." Journal of Libertarian Studies 3, No.1 (1979): 1-8.