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This complementary volume provides five additional essays to expand our understanding of Hayek's ideas about money and monetary policy. "Good Money, Part II: The Standard "investigates the consequences of the "predicament of composition" which led to one of Hayek's most controversial proposals: that governments should be denied a monopoly on the coining of money. F. A. Hayek (1899-1992) was awarded the Nobel Memorial Prize in Economic Science...

Hayek's deep interest in the concept of money and its role within the economy is developed in "Good Money, Part I." Consisting of seven of Hayek's most significant monetary writings from the 1920s, this collection focuses on his critique of the idea that price stabilization is consistent with the stabilization of foreign exchange. F. A. Hayek (1899-1992) was awarded the Nobel Memorial Prize in Economic Sciences in 1974 and the Medal of Freedo...