The Theory of Money and Credit

What is the true nature of money — and how do state interventions trigger devastating economic crises? In The Theory of Money and Credit, Ludwig von Mises achieves a historic milestone by integrating monetary theory into the core framework of economic analysis for the very first time.

A Revolutionary Monetary Theory of the Trade Cycle

This fundamental work provides profound insights into the role of money in the economy and catapulted Mises into the front rank of European economists. Crucially, the book presents a groundbreaking monetary theory of the trade cycle. Further developed by Mises’s student and Nobel Laureate F. A. Hayek, this analysis remains a powerful challenge to all interventionist business-cycle theories.

Note: If you prefer the German translation of this masterpiece, you can find it here: Theorie des Geldes und der Umlaufsmittel.

📖 Further recommendations for free-market thinkers at buchausgabe.de:

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• Explore our curated selection of English Books.