page 80 Where I· differ from the majority of other 'monetarists' and in particular from the leading representative of the school, Professor Milton Friedman, is that I regard the simple quantity theory of money, even. for situations where in a given territory only one kind of money is employed, as no more than' a useful rough approximation to a really adequate explanation, which, however, becom...
2019-07-02 11:41:06
page 80
Where I· differ from the majority of other 'monetarists' and in particular from the leading representative of the school, Professor Milton Friedman, is that I regard the simple quantity theory of money, even. for situations where in a given territory only one kind of money is employed, as no more than' a useful rough approximation to a really adequate explanation, which, however, becomes wholly useless where several concurrent distinct kinds of money are simultaneously in use in.the same territory. Though this defect becomes serious only with· the multiplicity of concurrent currencies which we· ar.e considering here, the phenomenon of substitution of things not counted as money by the theory for 'what is counted as money by it always impairs the strict validity ofits conclusions.Its chief defect in any situation seems to me to be that by its stress on the effects of changes in the quantity of money on the general level of prices it directs all-too exclusive attention to the harmful effects of inflation and deflation on the credit or debtor relationship, but disregards the even more important and harmful effects of the injections and withdrawals of amounts of money from circulation on the structure of relative prices and the consequent misallocation of resources and particularly the misdirection of investments which it causes.引自 货币的供给量最大的影响其实是大家如何分配资源
page 84
I am in complete agreement with Professor Friedman on the inevitability of inflation under the existing political and financial institutions. But I believe that it will lead to the destruction of our civilisation unless we change the political framework.In this sense I will admit that my radical proposal concerning money will probably be practicable only as part of a much more far-reaching change in our political institutions, but an essential part of such a reform which will be recognised as necessary before long.引自 货币的供给量最大的影响其实是大家如何分配资源
page 95
What is called a cost-push inflation is mer~ly the effect of increases in the quantity of money which governments feel forced to provide in order to prevent the unemployment resulting from a rise in wages (or other costs), which preceded it and which was conceded in the expectation that government would increase the quantity of money.引自 货币的供给量最大的影响其实是大家如何分配资源
page 102
The past instability of the market economy is the consequence of the exclusion of the most important regulator of the market mechanism, money, from itself being regulated by the market process.引自 货币的供给量最大的影响其实是大家如何分配资源
page 105-106
The abolition ofcentral banks.
No fixing of rates of interest引自 货币的供给量最大的影响其实是大家如何分配资源
page 111
Not so very long ago, in 1960, I myselfargued that it is not only impracticable but probably undesirable even if possible to deprive governments of their control over monetary policy. 1 This view was still based on the common tacit assumption that there must be in each country a single uniform kind of money.引自 货币的供给量最大的影响其实是大家如何分配资源
page 113
History certainly disproves the suggestion that in this respect government, which only profits from excessive issues, can be trusted more than a private issuer whose whole business depends on his not abusing that trust. Does anyone really believe that in the industrial countries of the West, after the experience of the last half-century, anybody trusts the value of government-sponsored money more than he would trust money issued by a private agency whose business was understood to depend wholly on its issuing good money?引自 货币的供给量最大的影响其实是大家如何分配资源
水月孤桥
youcannotredo
海南出版社2019版
纸上
风灵
因为劣币有驱逐良币的趋势所以需要政府来垄断货币发行，这是对所谓的“格雷欣法则”的误解。杰出的经济学家W.S.杰文斯（W.S.Jevons）曾以下面的话强调过这一法则：良币不可能驱逐劣币恰恰证明了这一法则。他提出这一点时，确实是为了反驳哲学家赫伯特·斯宾塞提出的一个建议，这个建议是，放开黄金铸币市场，允许自由竞争；在他那个时代，人们所能想到的不同的货币，也就是金币和银币。杰文斯曾经在一个矿场当过化验师，正是这...
4 有用 居逸之 2019-11-07 20:48:02
今天比特币9173美元。
1 有用 Frankel 2008-09-04 16:57:40
哈耶克对于通胀的分析是对的。
3 有用 偷书人@DJ 2016-07-31 12:32:00
光是标题就很吸引我了。想起前些天看的《科学革命的结构》，那里面的理论其实可以适用所有领域：现有的框架（或者说科学）可能会成为我们前行的阻碍。就货币的非国家化这一观点而言，如果是对的，我想有望在有生之年看到
3 有用 苏南 2012-10-16 19:07:26
1，如果竞争最后只留下了一种强势的货币，而货币的流动性是不可控的，那么这种货币的数量怎么控制？2，本书从预期和价值的角度反驳了米尔顿等人有益的温和通胀论；3，哈耶克晚年改变了固定汇率的观点，转而倾向盯住一篮子商品。如何处理商品本位制的本身价值和储存成本的关系很重要；4，翻译太烂了
1 有用 Mikko 2011-09-17 16:14:21
我们需要的并不是独立的央行、自律的央行或是道德的央行---而应是竞争的央行们。三率市场化？民间金融？在垄断的货币供给面前，望梅止渴，实属悲哀。
1 有用 Yili 2022-08-24 14:22:41 上海
很薄的一本书，哈耶克的理论也不十分详尽，但这样开脑洞的想法就足够惊世核俗了。
0 有用 Dorothy 2022-07-12 14:42:20
控制货币发行量解决总量问题，但是经济问题的核心是结构问题
0 有用 刘股四 2022-06-26 20:34:41
货币竞争和央行发行制度是互斥的吗？如果自由竞争有用，但是现在已经有相当体量的央行货币在竞争，加入私人货币竞争可以看成是诸多电子币参与，哈耶克和芒格，你两个打一架吧🥹
0 有用 xipan 2022-05-27 17:29:58
哈耶克真的是跟凯恩斯对着干，不知道中本聪是不是受了哈耶克的影响搞出来比特币。哈耶克认为货币不仅应该私人银行可以发行，而且是竞争出来更优秀的货币，而国家就应该被剥夺铸币权。
0 有用 轩辕漱河 2022-05-09 00:41:07
布雷頓森林體系於1944年開始運行，哈耶克先生此書第一版出版於1976。核心論點是：只有廢除各國政府對其貨幣創造的壟斷才能實現價格水平穩定。振聾發聵！最近出現的數字化貨幣，也許能夠在一定程度上做到這一點。