Currency options: Hayek and competing currencies


  • G. R. Steele

    1. G. R. Steele is Lecturer in Economics at Lancaster University and the author of The Economics of Friedrich Hayek (Macmillan, 1993) and Keynes and Hayek: The Money Economy (Routledge, 2001)
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While monetary theory indicates the advantages of a single currency, there are compelling arguments for the UK to remain outside the euro-zone.