Two volumes present work on money and monetary policy by Nobel laureate economist Hayek (1899-1992). The first part, Volume Five, includes seven articles from the 1920s attacking the idea that
price stabilization was consistent with the stabilization of foreign exchange, and foreshadow his notion that the whole economy is not simply the sum of its parts. The second part offers five
articles investigating the consequences of the Predicament of Composition, an analysis that led him to propose that governments should be denied a monopoly on coining money. The series is
projected to be 22 volumes. Annotation c. Book News, Inc., Portland, OR (booknews.com)
