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Denationalisation of Money: The Argument Refined (An Analysis of the Theory and Practice of Concurrent Currencies Series)) [Paperback]

Friedrich A. Von Hayek
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Book Description

June 1990 0255362390 978-0255362399 3rd
In this groundbreaking work, first published in 1976, Friedrich von Hayek argues that the government monopoly of money must be abolished to stop recurring bouts of inflation and deflation. Abolition is also the cure for the more deep-seated disease of the recurring waves of depression and unemployment attributed to 'capitalism'.


Product Details

  • Series: An Analysis of the Theory and Practice of Concurrent Currencies Series)
  • Paperback: 136 pages
  • Publisher: Coronet Books Inc; 3rd edition (June 1990)
  • Language: English
  • ISBN-10: 0255362390
  • ISBN-13: 978-0255362399
  • Product Dimensions: 5.4 x 8.4 inches
  • Shipping Weight: 7.2 ounces
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #1,663,281 in Books (See Top 100 in Books)

More About the Author

Friedrich August Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and the principal proponent of libertarianism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg. His influence on the economic policies in capitalist countries has been profound, especially during the Reagan administration in the U.S. and the Thatcher government in the U.K.

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22 of 24 people found the following review helpful
5.0 out of 5 stars An essential read on Laissez-faire money February 25, 1999
Format:Paperback
Nobel laureate F. A. Hayek makes a powerful case that government involvement in providing a medium of exchange (money) is neither necessary nor beneficial. In fact, government provision of currency is a threat to both liberty and financial stability. Hayek points out that governments have everywhere and always undermined the value of their currencies to reap revenue through inflation. He argues, convincingly, that the best hope for sound money lies in competition amongst privately issued currencies. This is an essential read for anyone interested in Free Banking or Laissez-faire Money.
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