Chapter II. The General Nature of Hayek’s Theory

Chapters in this book

1. Frontmatter 1
2. Preface 7
3. Contents 11
4. Part I. R. G. Hawtrey
5. Chapter I. Introduction 19
6. Chapter II. Hawtrey’s Monetary Approach to Business Cycle Theory 21
7. Chapter III. Theory of Price Movements 28
8. Chapter IV. Elements in Hawtrey’s Equilibrium Analysis 49
9. Chapter V. Theory of the Business Cycle and of Economic Depression 68
10. Chapter VI. Control Program 87
11. Chapter VII. Summary of Comments On Hawtrey’s Theory 102
12. Part II. D. H. Robertson
13. Chapter I. Introduction 111
14. Chapter II. General Character of the Theory 112
15. Chapter III. Factors Making for Change in the Rate of Economic Activity and Their Relation to Standards of Economic Policy 115
16. Chapter IV. Banking Policy and Capital Formation 134
17. Chapter V. The Business Cycle and Its Control 173
18. Chapter VI. Price Level Policy 190
19. Chapter VII. Conclusions 202
20. Part III. F. A. Von Hayek
21. Chapter I. Introduction 213
22. Chapter II. The General Nature of Hayek’s Theory 216
23. Chapter III. The Concept of the Structure of Production 228
24. Chapter IV. Variations in Price Margins and Changes in the Structure of Production 239
25. Chapter V. The Period of Production Considered as an Investment Period: Criticisms By Professor F. H. Knight 261
26. Chapter VI. The Policy of “Neutral Money” 276
27. Chapter VII. General Summary 296
28. Part IV. J. M. Keynes
29. Chapter I. Introduction 303
30. Chapter II. Basic Terminology of the General Theory 311
31. Chapter III. The Propensity to Consume and the “Multiplier” 326
32. Chapter IV. The Marginal Efficiency of Capital and the Rate of Interest 337
33. Chapter V. The Theory of Price Movements 354
34. Chapter VI. The Business Cycle and Plans for the Stabilization of Activity 360
35. Chapter VII. Summary 372
36. Part V. Concluding Remarks 377
37. Appendix: Bibliographical Note 393
38. Index 417