The Theory of Money and Credit

In this influential work, Ludwig von Mises presents a comprehensive and scientifically rigorous examination of money, establishing his legacy as a leading economist. This first English edition includes insightful contributions from Murray Rothbard and Douglas French, highlighting the integration of microeconomics and macroeconomics. Mises argues that money originates from the market and emphasizes the importance of sound money principles, while also outlining a pioneering theory of business cycles and advocating for a return to a gold standard and competitive banking.