F. A. Hayek father of economic Europe

Friedrich August von Hayek(1899-1992) a liberal economist is father of Europe, father to sense that we can consider so because he has written a book in 1976, and he has foregone and anticipated a theoretical thesis that today is European costume, this is the euro money, and he seems have foregone also discomfort, alone momentary; it is enough read a step of his book Denationalisation of Money, certainly European reader understand very better this dynamic of this process: “ Initial advantages of government monopoly in money. Perhaps when the money economy was only slowly spreading into the remoter regions, and one of the main problems was to teach large numbers the art of calculating in money (and that was not so very long ago), a single easily recognizable kind of money may have been of considerable assistance. And it may be argued that the exclusive use of such a single uniform sort of money greatly assisted comparison of prices and therefore the growth of competition and the market. Also, when the genuineness of metallic money could be ascertained only by a difficult process of assaying, for which the ordinary person had neither the skill nor the equipment, a strong case could be made for guaranteeing the fineness of the coins by the stamp of some generally recognized authority which, outside the great commercial centers, could be only the government. But today these initial advantages, which might have served as an excuse for governments to appropriate the exclusive right of issuing metallic money, certainly do not outweigh the disadvantages of this system. It has the defects of all monopolies: one must use their product even if it is unsatisfactory, and, above all, it prevents the discovery of better methods of satisfying a need for which a monopolist has no incentive.”, other step is important: “If the use of several concurrent currencies is to be seriously considered for immediate application in a limited area…”, so in fact is economic Europe the actual coin of 20 countries in Europe has adopted the euro, 20 on 27 countries, in 2000 year these were 11, although this coin was invisible, because it become really coin of Europe from 1th January of 2002; and other step said: “…it is evidently desirable to investigate the consequences of a general application of the principle on which this proposal is based. If we are to contemplate abolishing the exclusive use within each national territory…”, this is certainly strategy of European Union that I think is took directly from Hayek, because the steps of this coin is perfectly correspondent to think of him; it demonstrated that sometime a think can certainly to be important, above all if it has been literally; and I think that European Union has made it.

Alessandro Lusana