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The Currency Unit of the Future

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  • Friedrich von Hayek

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.

Suggested Citation

  • Friedrich von Hayek, 2004. "The Currency Unit of the Future," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 89-99.
  • Handle: RePEc:bas:econth:y:2004:i:3:p:89-99
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    References listed on IDEAS

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    1. Kevin Dowd, 1995. "A Rule to Stabilize the Price Level," Cato Journal, Cato Journal, Cato Institute, vol. 15(1), pages 39-63, Spring/Su.
    2. George A. Selgin & Lawrence H. White, 1994. "How Would the Invisible Hand Handle Money?," Journal of Economic Literature, American Economic Association, vol. 32(4), pages 1718-1749, December.
    3. Yeager, Leland B, 2001. "The Perils of Base Money," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 14(4), pages 251-266, December.
    4. White, Lawrence H, 1984. "Competitive Payments Systems and the Unit of Account," American Economic Review, American Economic Association, vol. 74(4), pages 699-712, September.
    5. White, Lawrence H, 1999. "Hayek's Monetary Theory and Policy: A Critical Reconstruction," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(1), pages 109-120, February.
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