As an Amazon Associate, Liberty Book Nook earns from qualifying purchases. Prices may vary.
The Theory of Money and Credit
Mises' first major work, and the book that launched the Austrian theory of the business cycle. He shows how bank credit expansion creates the boom-bust cycle, why inflation is theft, and why sound money is the foundation of a free civilization. Published in 1912, it predicted the economic crises of the 20th century.
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
What You'll Learn from The Theory of Money and Credit
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
Ludwig von Mises
Ludwig von Mises is a leading thinker in the tradition of economic and political liberty. This work represents a significant contribution to the literature of freedom and free markets, and has influenced generations of students and scholars.