HAYEK (Friedrich August von).
Monetary Theory and the Trade Cycle. Translated from the German by N. Kaldor and H.M. Croome.
The scarce American edition of the English translation of Hayek’s first book, using the same sheets as the British edition published earlier in the same year by Jonathan Cape with a cancel title page bearing the Harcourt Brace imprint, complete with the rare dust jacket.
Hayek’s first book had been originally published in German in 1929 as the inaugural issue of the Austrian Institute for Economic Research’s series Beiträge zur Konjunkturforschung. The institute was founded by Ludwig von Mises, and Hayek served as its director from 1927 to 1931, when he moved to the London School of Economics. The present English translation was undertaken by Nicholas Kaldor, then a star pupil of Hayek and Lionel Robbins at the LSE. Kaldor would publicly break from Hayek in 1938 before moving to Cambridge after the war.
