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Books / Digital Text

The Theory of Money and Credit

Part Four: Monetary Reconstruction

Chapter 21. The Principle of Sound Money

1. The Classical Idea of Sound Money
2. The Virtues and Alleged Shortcomings of the Gold Standard
3. The Full-Employment Doctrine
4. The Emergency Argument in Favour of Inflation

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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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Austrian Economics Overview
Business Cycles
Calculation and Knowledge
Cantillon
Capital and Interest Theory
Entrepreneurship
Fiscal Theory
Gold Standard
History of the Austrian School of Economics
Interventionism
Monetary Theory
Money and Banking
Money Supply
Monopoly and Competition
Other Schools of Thought
Philosophy and Methodology
Political Theory
Praxeology
Prices
Private Property
Production Theory
Subjectivism
Value and Exchange

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