The book presents a clear and logical examination of the money and credit structure, analyzing the role of government and the criteria for monetary authority powers. It offers reform proposals and serves as a significant theoretical statement from a prominent economist whose influence shaped the field for decades. The lucid writing style makes complex ideas accessible, making it a valuable resource for understanding economic principles and policy implications.
Milton Friedman was lauded as the grandmaster of free-market economic theory
in the postwar era. This book collects many of Friedman's papers on topics in
economics that were published in the Journal of Political Economy. It
incorporates papers from 1948 to 1990. It is useful for those tracing the
course of 20th century economics and politics.
In this classic about economics, freedom, and the relationship between the two, Milton and Rose Friedman explain how our freedom has been eroded and our prosperity undermined through the explosion of laws, regulations, agencies, and spending in Washington, and how good intentions often produce deplorable results when government is the middleman. The Friedmans also provide remedies for these ills--they tell us what to do in order to expand our freedom and promote prosperity.
An unimpeachable classic in political philosophy, intellectual and cultural history, and economics, this work has inspired and infuriated readers for decades. Originally published in 1944, it passionately warns against the dangers of state control over production. F. A. Hayek argues that collectivist policies empowering government with economic control would not lead to utopia, but rather to the horrors witnessed in Nazi Germany and fascist Italy. Over the past sixty years, it has established itself alongside the works of Alexis de Tocqueville, John Stuart Mill, and George Orwell for its exploration of the relationship between individual liberty and government authority.
This new edition is part of the Collected Works of F. A. Hayek series and features an introduction by series editor Bruce Caldwell, who discusses the book's origins, publishing history, and common misinterpretations of Hayek's ideas. Caldwell has standardized and corrected references and included new explanatory notes. Additionally, the volume is supplemented with an appendix of related materials, including prepublication reports and forewords by notable figures such as John Chamberlain and Milton Friedman. This edition serves as the definitive version of Hayek's enduring masterwork.
"Stimulating, provocative, often infuriating, but well worth reading."—Peter Newman, Economica"His critical blast blows like a north wind against the more pretentious erections of modern economics. It is however a healthy and invigorating blast, without malice and with a sincere regard for scientific objectivity."—K.E. Boulding, Political Science Quarterly"Certainly one of the most engrossing volumes that has appeared recently in economic theory."—William J. Baumol, Review of Economics and Statistics
This thought-provoking and influential book by a distinguished economist examines whether consumption behavior can be defined in a way that's supported by empirical evidence and useful for research and planning.
Frontmatter -- Table of Contents -- Preface -- Preface to Price Theory: A Provisional Text -- 1. Introduction -- 2. Theory of Demand -- 3. The „Welfare“ Effects of Taxes -- 4. The Utility Analysis of Uncertainty -- 5. The Relationships Between Supply Curves and Cost Curves -- 6. The Law of Variable Proportions and a Firm's Cost Curves -- 7. Derived Demand -- 8. The Theory of Distribution with Fixed Proportions -- 9. The Theory of Marginal Productivity and the Demand for Factors of Production -- 10. Marginal Productivity Analysis: Some General Issues -- 11. The Supply of Factors of Production -- 12. Wage Determination and Unemployment -- 13. Wages in Different Occupations -- 14. Relation Between the Functional and Personal Distribution of Income -- 15. The Size Distribution of Income -- 16. Profits -- 17. The Theory of Capital and the Rate of Interest -- Appendix A: Reading Assignments -- Appendix B: Problems -- Index
There are at least three requirements for an economy to maintain stable
prices. This book brings together two classic IEA papers, and explains how the
Institutional arrangements for central banks should be developed to deliver
stable prices and, importantly, to influence inflation expectations. schovat
popis
Presents historical data and analytics to support the claim that monetary
policy - steady control of the money supply - matters profoundly in the
management of the nation's economy, especially in navigating serious economic
fluctuations. číst celé
