The Theory of Money and Credit by Ludwig von Mises (.ePUB)
File Size: 1.0 MB
The Theory of Money and Credit by Ludwig von Mises
Requirements: .ePUB reader, 1.0MB
Overview: In The Theory of Money and Credit, Ludwig von Mises presents a groundbreaking integration of monetary theory with the principles of the Austrian School of economics. First published in 1912, the work lays out a comprehensive explanation of the origin, value, and function of money within a market economy.
Key Themes or Insights
Mises develops the regression theorem to explain the emergence of money from barter and examines how credit expansion and banking practices influence business cycles. He critiques inflationary policies and argues for sound money as the foundation of economic stability and freedom.
Style and Usefulness
Dense yet systematic, the book is a cornerstone of modern Austrian monetary theory. It remains essential reading for economists, historians, and policymakers seeking to understand the mechanics of money, the causes of financial crises, and the case for monetary reform.
Genre: Non-Fiction > Educational
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