Money and Capital

Alan Ebenstein

Chapter 5 in Hayek’s Journey, 2003, pp 57-75 from Palgrave Macmillan

Abstract: Abstract The question of the value of Hayek’s work in technical economic theory from the middle 1920s through early 1940s is one over which there is considerable dispute in the academic economic community. some, such as contemporary Austrian economists Roger Garrison, Mark skousen, and Gene Callahan, consider this work to be of vital, continuing relevance. Others, such as Nobel Prize winners Milton Friedman, James Buchanan, and Ronald Coase, while they have the highest opinion of Hayek, do not consider his work in technical economic theory to be of much worth.

Keywords: Monetary Policy; Trade Cycle; Capital Good; Austrian School; Pure Theory (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-7379-5_5

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DOI: 10.1007/978-1-4039-7379-5_5

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