{"product_id":"2940015632743","title":"A Free-Market Monetary System and The Pretense of Knowledge","description":"Here are two of Hayek's greatest essays in one small and beautiful volume at a very low price. It is a perfect way to introduce yourself and others to this giant of the 20th century.\u003cbr\u003e\u003cbr\u003eThe book begins with Hayek's most excellent essay on money. It is also his most radical. He plainly says that central banks cannot be reformed. There can never be sound money so long as they are in charge. He calls for their complete abolition, no compromises accepted. He wants the market in charge of money from top to bottom.\u003cbr\u003e\u003cbr\u003eHis words predicting crisis followed by wild swings in valuation are up to the minute. He also relates the quality of money with the recurrence of crisis, showing an excellent application of Austrian theory.\u003cbr\u003e\u003cbr\u003eHayek was deeply influenced by Mises, and this shows here in the area of money.\u003cbr\u003e\u003cbr\u003eThe second essay is \"The Pretense of Knowledge,\" his shocking Nobel speech that explained why the very idea of government in our times is unintellectual, presumptuous, and untenable. He is as critical of socialism as he is of interventionism. He shows that the state is not capable of doing all that it is charged with doing, and why conceding it any role in social and economic management is dangerous to liberty.\u003cbr\u003e\u003cbr\u003eIt was not the speech everyone expected. But it lived up to Hayek's lifelong commitment to telling truth to power.","brand":"Ludwig von Mises Institute","offers":[{"title":"Default Title","offer_id":47069671653616,"sku":"2940015632743","price":3.25,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940015632743_p0.jpg?v=1763622388","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940015632743","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}