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Books / Digital Text

The Theory of Money and Credit

Part One: The Nature of Money

Chapter 3. The Various Kinds of Money

1. Money and Money-Substitutes
2. The Peculiarities of Money-Substitutes
3. Commodity Money, Credit Money, and Fiat Money
4. The Commodity Money of the Past and of the Present

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Book Information

New Haven: Yale University Press, 1953.

The Theory of Money and Credit

Ludwig von Mises

Mises wrote this book for the ages, and it remains the most spirited, thorough, and scientifically rigorous treatise on money to ever appear. It made his reputation...

Other Formats | Book Information

Select from the table of contents below to read this book.

Preface to the New Edition
Introduction by Professor Lionel Robbins
Preface to the English Edition
Preface to the Second German Edition
Part One: The Nature of Money
Part Two: The Value of Money
Part Three: Money and Banking
Part Four: Monetary Reconstruction
Concluding Remarks
Appendix A: On the Classification of Monetary Theories
Appendix B: Translator's Note on the Translation of Certain Technical Terms

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