New edition, enlarged with an essay on
Monetary Reconstruction
Mises wrote this book for the ages, and it remains the most spirited, thorough, and scientifically rigorous treatise on money to ever appear.
It made his reputation across Europe and established him as the most important economist of his age.
We think this Mises Institute edition is the most beautiful, by far, of any edition in print. It is the first English edition, complete with an explanatory foreword by Murray Rothbard and a preface by Douglas French.
The size, look, and feel are just perfect, at once classic and very modern, in a case-wrapped hardback. And the price beats everything.
This classic treatise on monetary theory remains the definitive book on the foundations of monetary theory, and the first really great integration of microeconomics and macroeconomics.
As Rothbard points out in his introduction to "the best book on money ever written," economists have yet to absorb all its lessons.
Mises shows how money had its origin in the market, and how its value is based on its usefulness as a commodity in exchange. In a step-by-step manner, Mises presents the case for sound money with no inflation, and presents the beginnings of a full-scale business cycle theory.
This edition includes Mises's early blueprint, improved later in life, for a return to a fully backed gold standard and competitive banking.
The Theory of Money and Credit is a 1912 economics book written by Ludwig von Mises, originally published in German as Theorie des Geldes und der Umlaufsmittel.
In it Mises expounds on his theory of the origins of money through his "regression theorem", which is based on logical argumentation, not historic explanations.
It is one of the foundational works of the Misean branch of the Austrian School of economic thought.
Commodity money exists today. Mises looks at the origin, nature and value of money, and its effect on determining monetary policy.
It does not concern all adaptations of money. He uses the so-called regression theorem, a statement backed by a step by step, logical reasoning.
Mises explains why money is demanded in its own right. According to Mises, money has historically come about after there has been a demand for the money commodity in a barter economy.
Author:LUDWIG VON MISES
Translated from the German by H. E. Batson
Title: The Theory of Money and Credit
Language: English.
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