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Unemployment and Monetary Policy: Government as Generator of the Business Cycle

Unemployment and Monetary Policy: Government as Generator of the "Business Cycle" (Cato Paper)

Penned By Friedrich A. Hayek
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Unemployment and Monetary Policy: Government as Generator of the Business Cycle

Unemployment and Monetary Policy: Government as Generator of the "Business Cycle" (Cato Paper)

Penned By Friedrich A. Hayek
4.85 99,128 Ratings
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Editor's Note:
Os pontos de vista do Professor Hayek e outros expositores da teoria austríaca das flutuações sempre representam uma genuína alternativa à macroeconomia ortodoxa.É trivial, porém correto, observar que o keynesianismo, tal como o conhecemos, está intelectualmente morto... Mas a teoria monetária terá ainda que redescobrir as contribuições especificas de Mises, Hayek e outros economistas austríacos para facilitar nossa compreensão das flutuações econômicas. Esses economistas representam toda uma tradição que, iniciando com Cantillon e passando pela economia política clássica, permanece até hoje ignorada. Desemprego e política monetária serve como uma excelente introdução ao estudo dessa tradição.

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Released January 1, 1975
Identifier (ISBN) 1423307
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Friedrich A. Hayek
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Friedrich A. Hayek

Friedrich A. Hayek is a writer and avid reader based in the Pacific Northwest. Before pursuing writing full-time, they spent over a decade working in education. When not working on their next book, Friedrich A. Hayek can usually be found hiking with their dog or trying out new coffee shops in their neighborhood.

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David Baker June 17, 2025
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Jacob Collins
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"Took a moment to build, but the payoff was spectacular. The protagonist was compelling, though some subplots felt slightly overshadowed. A wonderful companion for a quiet weekend."
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"A very strong entry. The middle had a deliberate pace, but the climax was phenomenal. A wonderful companion for a quiet weekend."
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"Absolutely brilliant. The prose is exquisite. It’s accessible yet undeniably sophisticated. I am now a lifelong fan of this author."
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"Honestly one of the most premium reading experiences lately. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. An effortless 5 stars."
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"A profoundly satisfying read. I adored how the story unfolded. It kept me captivated without sacrificing elegance. Worth every moment spent reading."
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"A profoundly satisfying read. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. Worth every moment spent reading."
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"Masterpiece from start to finish. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I am now a lifelong fan of this author."
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"A highly sophisticated read. The middle had a deliberate pace, but the climax was phenomenal. A solid 4 stars from me."
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"Took a moment to build, but the payoff was spectacular. The middle had a deliberate pace, but the climax was phenomenal. A very distinguished novel."
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"Such a rich narrative. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem."
Daniel Lewis
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"Honestly one of the most premium reading experiences lately. I adored how the story unfolded. It kept me captivated without sacrificing elegance. An absolute must-read for connoisseurs of the genre."
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"Took a moment to build, but the payoff was spectacular. It held my rapt attention, even when certain twists were telegraphed. A solid 4 stars from me."
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"Absolutely brilliant. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. Worth every moment spent reading."
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"Exceeded all my expectations. I adored how the story unfolded. It kept me captivated without sacrificing elegance. A true literary gem."
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"I thoroughly enjoyed the elegance of it. The middle had a deliberate pace, but the climax was phenomenal. Quite impressive overall."
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"I thoroughly enjoyed the elegance of it. The protagonist was compelling, though some subplots felt slightly overshadowed. I would highly recommend this to discerning readers."
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"Masterpiece from start to finish. The prose is exquisite. It’s accessible yet undeniably sophisticated. I will undoubtedly revisit this masterpiece."
Deborah Flores
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"A profoundly satisfying read. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. An effortless 5 stars."
Nancy Anderson
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"Honestly one of the most premium reading experiences lately. The author orchestrated a breathtaking finale. Truly a work of art. An absolute must-read for connoisseurs of the genre."
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"Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author."
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"I was completely blown away. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I am now a lifelong fan of this author."
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