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Elements of Hayeks Monetary Theory

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  • Nikolay Nenovsky

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. The present article is an attempt to partly reinstate the “technical aspects’ of Haiek’s monetary theory.

Suggested Citation

  • Nikolay Nenovsky, 2004. "Elements of Hayeks Monetary Theory," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 84-88.
    • Handle: RePEc:bas:econth:y:2004:i:3:p:84-88
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    More about this item

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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