Land des Verkäufers
Verlag: Salzburg: Wolfgang Neugebauer, 1976
XV, 160 S. 8°, Brosch, fester bedr. Kartonumschlag, SU. SU rissig, Knickspuren, Fehlstelle am Rücken. Durchgehende Stauchspur an unterer Ecke. Zustand noch sauber und ordentlich. Bibliotheksexemplar Barcodeetikett auf Umschlaginnenseite, Fristenzettel und Stempel auf flieg. Vorsatzblatt. Vorderschnitt und Titelrückseite gestempelt. 1000 gr.
Verlag: Salzburg: Neugebauer 1976., 1976
XV, 160 S. Br. *die erste Lage lose, Anfangs einige Unterstreichungen*.
Verlag: Philosophia Verlag, München, Wien, ohne Jahr (ca. 1980) und Wolfgang Neugebauer, Salzburg, 1976., 1980
Oktav. Bedruckte Org.-Broschur mit Org.-SU. XV (+I), 160 S., der Umschlag mit geringfügigen Gebrauchspuren, aber wohlerhaltenes Exemplar. Aus der Reihe: The International Carl Menger Library. - ISBN 38840500087. Aus der Reihe: The International Carl Menger Library. - ISBN 38840500087. 500 g.
Wien & Leipzig, HÃ lder-Pichler-Tempsky, 1929. 8vo. In the original printed wrappers. Very light wear to extremities. First and last leaf with light brownspotting. A very fine and clean copy. XII, (1)-147, (1), [Blank] pp. First edition of Hayek's first book, famously stating that there is a business cycle and that it is caused by the organization of the monetary system - it was later to be known as the Austrian Business Cycle. The present work established Hayek's ideological position within the economic community and laid the foundation for his future career. Here, he wrote of the necessity of the trade cycle and that all economic phenomena present that regular wave-like appearance that we observe in cyclical fluctuations. "For Hayek, the cycle was a virtually unavoidable consequence of a credit economy"" "Hayek's fundamental point is that the business cycle is an unfortunate but unavoidable concomitant of a credit economy". (Bruce Caldwell, Hayek's Collected Works).Hayek's principal investigations in economics concerned capital, money and the business cycle. Ludwig von Mises had earlier applied the concept of marginal utility to the value of money in his Theory of Money and Credit (1912) in which he also proposed an explanation for "industrial fluctuations" based on the ideas of the old British Currency School and of Swedish economist Knut Wicksell. Hayek used this body of work as a starting point for his own interpretation of the business cycle, elaborating what later became known as the Austrian theory of the business cycle.This work was translated into English in 1933 as Monetary Theory and the Trade Cycle. In 1974 Hayek shared the Nobel Memorial Prize in Economics with Gunnar Myrdal.Masui p.1277 Cohen 184.
Verlag: Holder-Pichler-Tempsky A.G, Wein und Leipzig, 1929
Scarce first edition of Hayek's first book, published four years later in English as Monetary Theory and the Trade Cycle. Octavo, original wrappers. In very good condition. Period ownership inscription. Scarce. The present volume, Hayek's first book, was first in his series 'Contributions to Trade Cycle Research' published by the Austrian Institute for Trade Cycle Research, founded by von Mises and directed by Hayek from 1927 to 1931. Hayek's contributions to monetary theory and trade theory are closely linked. Here, he integrates the idea of money as a medium of exchange with the idea of the price system as a communication network. His trade-cycle theory consists of integrating monetary theory and capital theory in which a particular aspect of the price system, namely the system of international prices is emphasized. The Austrian theory of the trade cycle was first formulated by von Mises who showed that money-induced movements in the interest rate have identifiable effects on the capital structure. Hayek's improvements were based on an extremely stylized portrayal of the economy's time-consuming production process (New Palgrave, vol. 2 609-613). Hayek's analysis is powerful, and represents an alternative explanation of economic disequilibrium to that of Keynes.
Verlag: Holder-Pichler-Tempsky A.G., Germany, 1929
Paperback. Zustand: Good. First Edition. xii, 147, 2 [ads] pp. Index. "Beitrage zur Konjunkturforschung - Herausgegeben vom Osterreichischen Institut fur Konjunkturforschung nr. 1" - front cover. Text in German. In 1933 this work appeared for the first time in English as "Monetary Theory and the Trade Cycle". Hayek went on to share the Nobel Prize in Economics in 1974. Moderate wear to original brown paper wrappers. Binding sound. Small chip from top of backstrip. Top corners of last five leaves were folded. Several mostly imperceptible pencil erasures in first 66 pages. A well-preserved example of the first edition of this, Hayek's first book. Masui p.1277, Cohen 184, Cody & Ostrem B-1.