The theory of money and credit / Ludwig von Mises ; translated from the German by H.E. Batson.

Format:

Book

Author/Creator:

Von Mises, Ludwig, 1881-1973.

Series:

Liberty Fund Library of the Works of Ludwig Von Mises

Standardized Title:

Theorie des Geldes und der Umlaufsmittel. English

Language:

English

Subjects (All):

Money.

Physical Description:

1 online resource (541 pages) : portrait

Edition:

Fifth edition.

Place of Publication:

Indianapolis : Liberty Classics, 1980.

Language Note:

English

Summary:

Ludwig von Mises was the leading exponent of the Austrian School of economics throughout most of the twentieth century. He has long been regarded as a most knowledgeable and respected economist, even though his teachings were generally outside the mainstream. He wrote twenty-five books and hundreds of articles on human action, free markets, and political economy. When Ludwig von Mises wrote "The Theory of Money and Credit" in 1912 at the age of thirty-one, the world of economic thought was full of contending monetary theories, none of which could be considered truly united, in the sense of being at once securely founded on economic reality and also properly incorporated into an analysis of the entire economic system. This landmark book changed that for good. "The Theory of Money and Credit" integrated monetary theory into the main body of economic analysis for the first time, providing fresh, new insights into the nature of money and its role in the economy and bringing Mises into the front rank of European economists. "The Theory of Money and Credit" also presented a new monetary theory of the trade cycle, which, under further development by Mises's student Nobel Laureate F. A. Hayek, came to challenge all previous trade-cycle theories.

Contents:

Ludwig von Mises, The Theory of Money and Credit ; Front Matter ; Title Page ; Copyright Details ; Table of Contents, p. 7 ; Foreword, p. 13 ; Preface to the New Edition, p. 17 ; Introduction, p. 19 ; Preface to the English Edition, p. 23 ; Preface to the Second German Edition, p. 33 ; The Theory of Money and Credit ; Part One. The Nature of Money ; Chapter 1. The Function of Money, p. 41 ; Chapter 2. On the Measurement of Value, p. 51 ; Chapter 3. The Various Kinds of Money, p. 63 ; Chapter 4. Money and the State, p. 83 ; Chapter 5. Money as an Economic Good, p. 95

Chapter 6. The Enemies of Money, p. 109 Part Two. The Value of Money ; Chapter 7. The Concept of the Value of Money, p. 117 ; Chapter 8. The Determinants of the Objective Exchange Value of Money, or Purchasing Power, of Money, p. 129 ; Chapter 9. The Problem of the Existence of Local Differences in the Objective Exchange Value of Money, p. 195 ; Chapter 10. The Exchange Ration Between Money of Different Kinds, p. 205 ; Chapter 11. The Problem of Measuring the Objective Exchange Value of Money and Variations in It, p. 215

Chapter 12. The Social Consequences of Variations in the Objective Exchange Value of Money, p. 225 Chapter 13. Monetary Policy, p. 247 ; Chapter 14. The Monetary Policy of Etatism, p. 275 ; Part Three. Money and Banking ; Chapter 15. The Business of Banking, p. 293 ; Chapter 16. The Evolution of Fiduciary Media, p. 311 ; Chapter 17. Fiduciary Media and the Demand for Money, p. 331 ; Chapter 18. The Redemption of Fiduciary Media, p. 355 ; Chapter 19. Money, Credit, and Interest, p. 377 ; Chapter 20. Problems of Credit Policy, p. 405 ; Part Four. Monetary Reconstruction

Chapter 21. The Principle of Sound Money, p. 453 Chapter 22. Contemporary Currency Systems, p. 471 ; Chapter 23. The Return to Sound Money, p. 477 ; Appendix A. On the Classification of Monetary Theories, p. 503 ; Appendix B. Translator's Note on the Translation of Certain Technical Terms, p. 525 ; Index, p. 527 ; Biographical Note, p. 539 ; Note on Silver Demereteia, p. 541

Notes:

Translation of Theorie des Geldes und der Umlaufsmittel.

Includes bibliographical references and index.

ISBN:

1-61487-842-0

OCLC:

820843029