Collected Works of F. A. Hayek, Vol. 7: Business Cycles

13 June 2012 at 3:57 am 2 comments

| Nicolai Foss |

The University of Chicago Press has just published the seventh volume, “Business Cycles, Part I and II,” in their nineteen volumes Collected Works of F.A. Hayek project. The two books contain most of Hayek’s well-known interwar work on the business cycle, particularly his more methodological Monetary Theory and the Trade Cycle (originally published in 1928) and, of course, Prices and Production, in addition to a number of essays on, as they were called, “industrial fluctuations.” The two parts of Volume 7 both have excellent 40+ pages introductions penned by Hansjoerg Klausinger who may well be the scholar in the world with the deepest knowledge of Hayek’s contributions to business cycle theory and who does a superb job in terms of discussing Hayek’s work through the lens of modern economics.

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2 Comments Add your own

  • 1. Alex  |  14 June 2012 at 11:48 pm

    All that had already been published in a volume titled “Prices and Production and other Works” by the Mises Institute with an introduction by Joe Salerno. Now, it was not written “through the lens of modern economics”, but it is good, nevertheless. :)

  • 2. Nicolai Foss  |  1 July 2012 at 8:46 am

    Alex: You are not quite right. The UCP volumes include no less than four unpublished Hayek papers that are certainly not part of the MI volume. And, in all, there is more material in these two vols.

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