On the Manipulation of Money & Credit (Paperback)

Ludwig von Mises

ISBN 10: 0865977623 / ISBN 13: 9780865977624

Published by Liberty Fund Inc, Indianapolis, IN, 2011

About this Item

Paperback. Published by Liberty Fund for the first time in English, "On the Manipulation of Money and Credit" consists primarily of three pieces on monetary theory written by Ludwig von Mises between 1923 and 1931. As a precursor to Human Action, Mises's magnum opus, this volume includes some of his most important contributions to trade-cycle theory. The first essay, "Stabilization of the Monetary Unit from the Viewpoint of Theory" written in 1923 during a period of German hyperinflation, discusses the consequences of the fluctuating purchasing power of paper money and explores such ideas as the outcome of inflation, that is, the result of the increase in the amount of money, and an emancipation of monetary value from the influence of government. Written in 1928, the second essay, "Monetary Stabilization and Cyclical Policy" critiques schemes for stabilising prices and for "measuring" purchasing power. The third selection is a speech Mises gave in 1931, "The Causes of the Economic Crisis". It explores the nature and role of the market and cyclical changes in business conditions. Written in 1923 during a period of German hyperinflation, this book discusses the consequences of the fluctuating purchasing power of paper money and explores such ideas as the outcome of inflation, that is, the result of the increase in the amount of money, and an emancipation of monetary value from the influence of government. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9780865977624

Bibliographic Details

• Title: On the Manipulation of Money & Credit (Paperback)
• Publisher: Liberty Fund Inc, Indianapolis, IN
• Publication Date: 2011
• Language: English
• ISBN 10: 0865977623
• ISBN 13: 9780865977624
• Binding: Paperback
• Condition: new

About this title

Synopsis

The three treatises in On the Manipulation of Money and Credit were written in German between 1923 and 1931. Together they include some of Mises’s most important contributions to monetary and trade-cycle theories and constitute a precursor to Mises’s major work, Human Action.

Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century.

Bettina Bien Greaves is a former resident scholar and trustee of the Foundation for Economic Education and was a senior staff member at FEE from 1951 to 1999.

Review

Written between 1923 and 1946, the five essays in this collection examine the stabilization of the monetary unit and the causes of the German economic crisis after World War I. The superiority of the gold standard is a common theme. Bettina Bien Greaves translated the German essays in 1978 for their initial English publication by Free Market Books.

Book News, Inc.
October 2011

Mises's book is classic Mises. The writing is crisp and very straightforward. The conclusions, while deviating significantly from the Keynesian consensus reflect the consistent and persistent application of classical political economy and the early neoclassical theory of value and price to the area of money and credit and the economic analysis of crises. It is a work that should be read by economists who have an interest in the history of twentieth-century economic thought, as well as those who would like to get a readable introduction to the pre-Keynesian perspective on the theory and policy associated with the microeconomic analytics of macroeconomic disturbances.

Peter J. Boettke
History of Economic Thought and Policy/ 2-2012

. . . . Throughout the book Mises alternates between explanations of economic theory and demonstrating the results in practice. He takes the reader through the philosophical arguments and rhetorical tricks of the Marxists and shows the results of such policies. He covers the collaspe of the Weimar Republic, how anti-Semitism was hitched to etatism and economic justifications, the rise of National Socialism, the results of central planning, and even how monetary systems and gold standard play into the operation world economies

www.whatwouldthefoundersthink.com

August 2011