Theorie des geldes und der Umlaufsmittel

Ludwig von Mises

Here is the first edition, 1912, of Mises’s great book translated as The Theory of Money and Credit. This book changed monetary economics forever.


Theoriedes Geldes und der Umlaufsmittel by Mises
Meet the Author
Ludwig von Mises
Ludwig von Mises

Ludwig von Mises was the acknowledged leader of the Austrian school of economic thought, a prodigious originator in economic theory, and a prolific author. Mises’s writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy. His contributions to economic theory include important clarifications on the quantity theory of money, the theory of the trade cycle, the integration of monetary theory with economic theory in general, and a demonstration that socialism must fail because it cannot solve the problem of economic calculation. Mises was the first scholar to recognize that economics is part of a larger science in human action, a science that he called praxeology.

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Munchen und Leipzig: Ferlag von Duncker & Humblot, 1912 (Theory of Money and Credit [Fiduciary Media], first edition)