Profits, Interest and Investment and Other Essays on the Theory of Industrial Fluctuations

London: George Routledge and Sons, Ltd, 1939. First edition. 266 pp. 8vo. Original red cloth, spine lettered in gilt; dust jacket. Light shelfwear to head and tail of spine, bookseller's ticket and penciled notes to f.f.e; jacket soiled, chipping at head and tail of spine, 7/6 ticket to lower right of front flap; spine with chipping and holes, and both fore-edges reinforced from the verso with paper. First edition. 266 pp. 8vo. Friedrich Von Hayek (1899-1992) was an Austrian-British economist who spent much of his career at the London School of Economics. With Gunnar Myrdal he was awarded the Nobel Prize in Economics in 1974 for work "on money and economic fluctuations and the interdependence of economic, social and institutional phenomena." The essays in this volume are a selection on the topic of industrial fluctuation, as earlier treated in part in his critique of Keynesian policy in Prices and Production (1931), and in his book on the Austrian theory of the business cycle in Monetary Theory and the Trade Cycle (1933). Provenance: Owen Horwood (1916-1998, Economist and South African Finance Minister, 1975-1984, ownership stamp to front flyleaf