Ludwig von Mises: The Theory of Money and Credit

Mises's groundbreaking monetary theory integrates the theory of money into general economic theory through the regression theorem, explains the business cycle through credit expansion, and provides the definitive refutation of socialist economic calculation. This analysis presents Mises's monetary insights alongside commentary from Murray Rothbard, F.A. Hayek, and George Selgin, exploring debates about sound money, free banking, and monetary policy.

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Chapters

Part I: The Nature and Value of Money

Chapter 1: The Nature of Money

The Economic Theory of the Medium of Exchange

4 sections

Part II: Banking and Credit

Chapter 2: Money and Banking

Credit, Circulation Credit, and the Business Cycle

4 sections

Part III: Monetary Reconstruction

Chapter 3: Monetary Reconstruction

Sound Money and Monetary Reform

3 sections

Part IV: International Monetary Relations

Chapter 4: Monetary Policy and International Relations

Exchange Rates and the International Monetary Order

1 sections