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The Denationalisation of Money is a 1976 book by Friedrich Hayek, in which the author advocated the establishment of competitively issued private moneys. [1] .
- Friedrich Hayek
- 1976
In this groundbreaking work, first published in 1976, Friedrich von Hayek argues that the government monopoly of money must be abolished to stop recurring bouts of inflation and deflation. Abolition is also the cure for the more deep-seated disease of the recurring waves of depression and unemployment attributed to ‘capitalism’.
Denationalisation of Money F. A. HAYEK The government monopoly of money must be abolished to stop the recurring bouts of acute inflation and deflation that have become accentuated during the last 60 years. Abolition is also the cure for the more deep-seated disease of the recurring waves of depression and unemployment attributed to 'capitalism'.
Those who advocate the depoliticization of monetary policy through central bank independence, and the more radical denationalization of currencies through dollarization and monetary union, aim to bring that history to an end and quarantine money from the control of governments, permanently.
The Denationalization of Money: An Analysis of the Theory and Practice of Concurrent Currencies. F. Hayek. Published 1976. Economics. View via Publisher. Save to Library. Create Alert. Cite. 164 Citations. Citation Type. More Filters. Carl Menger's theory of money's origins: Responding to revisionism. A. Semenova. Economics, Philosophy. 2014.
A Way to Stop Inflation, followed in 1978 by a revised and enlarged version titled Denationalisation of Money: The Argument Refined. An Analysis of the Theory and Practice of Concurrent Currencies. Therein, Hayek calls for replacing the state’s money production monopoly with a free market in money.
Those who advocate the depoliticization of monetary policy through central bank independence, and the more radical denationalization of currencies through dollarization and monetary union, aim to bring that history to an end and quarantine money from the control of governments, permanently.
