The Currency Unit of the Future

Friedrich von Hayek

Economic Thought journal, 2004, issue 3, 89-99

Abstract: The monetary theory (theory of money order), which is an integral part of Haieks views on order, has not been sufficiently popularized among Bulgarian readers. When it is referred to, the following are usually mentioned, without going into detail: monetary explanation of crises and cycles, the explanation of prices as transmission of knowledge and information and, of course, the “exotic idea” of private competitive money.

Date: 2004
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