Chapter

Monetary Theory and Methodology

Bruce Caldwell

in Hayek's Challenge

Published by University of Chicago Press

Published in print November 2003 | ISBN: 9780226091914
Published online February 2013 | e-ISBN: 9780226091921 | DOI: http://dx.doi.org/10.7208/chicago/9780226091921.003.0008
Monetary Theory and Methodology

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This chapter begins with a description of Hayek's trip to American in 1923, where he worked briefly for economist Jeremiah Jen, then enrolled as a scholarship student at New York University. In his spare time, Hayek “gate-crashed” courses at Columbia, including Wesley Clair Mitchell's class on the history of economic doctrines and J. B. Clark's seminar. Hayek also did some traveling. The discussions then turn to Hayek's paper on American economics and the publication of his first book, Monetary Theory and the Trade Cycle. The chapter concludes with some observations and anticipations on Hayek's methodological thought.

Keywords: Friedrich A. Hayek; American economics; Monetary Theory and the Trade Cycle; economic theory; methodology

Chapter.  6184 words. 

Subjects: Economic History

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