Price Expectation, Monetary Disturbances And Maladjustments

By Friedrich A. Hayek

Book Overview

""Price Expectation, Monetary Disturbances And Maladjustments"" is a book written by the renowned economist Friedrich A. Hayek in 1939. In this book, Hayek explores the relationship between price expectations and monetary disturbances, arguing that the latter can lead to maladjustments in the economy. Hayek begins by discussing the importance of price expectations in economic decision-making, arguing that they are crucial for coordinating the actions of producers and consumers. He then goes on to examine the role of monetary disturbances, such as changes in the money supply or interest rates, in disrupting these expectations and causing maladjustments in the economy. Throughout the book, Hayek draws on his extensive knowledge of economic theory and history to provide a comprehensive analysis of the complex interactions between price expectations, monetary disturbances, and economic outcomes. He also offers practical policy recommendations for mitigating the negative effects of monetary disturbances, such as the use of automatic stabilizers and the establishment of an independent central bank. Overall, ""Price Expectation, Monetary Disturbances And Maladjustments"" is a seminal work in the field of macroeconomics, offering valuable insights into the causes and consequences of economic instability. It remains a must-read for anyone interested in understanding the dynamics of modern economies and the role of monetary policy in shaping their outcomes.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

• Format: Paperback
• Language: English
• ISBN: 1169828809
• ISBN13: 9781169828803
• Release Date: September 2010
• Publisher: Kessinger Publishing
• Length: 20 Pages
• Weight: 0.20 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"