Good Money, Part I Volume Five of the Collected Works of F.A. Hayek

Througout his life Hayek had a profound interest in money and its role within the economy. This volume, together with Volume Six, Good Money, Part Two, collect all of Hayek's significant writings on money. Together they amply demonstrate both the significance of 'sound money' in Hayek's economic vision, and Hayek's importance as a monetary theorist.