The Theory of Money and Credit

The Theory of Money and Credit The Theory of Money and Credit integrated monetary theory into the main body of economic analysis for the first time providing fresh new insights into the nature of money and its role in the economy

  • Title: The Theory of Money and Credit
  • Author: Ludwig von Mises Harold E. Batson
  • ISBN: 9780913966709
  • Page: 382
  • Format: Hardcover
  • The Theory of Money and Credit integrated monetary theory into the main body of economic analysis for the first time, providing fresh, new insights into the nature of money and its role in the economy and bringing Mises into the front rank of European economists.The Theory of Money and Credit also presented a new monetary theory of the trade cycle, which, under further dThe Theory of Money and Credit integrated monetary theory into the main body of economic analysis for the first time, providing fresh, new insights into the nature of money and its role in the economy and bringing Mises into the front rank of European economists.The Theory of Money and Credit also presented a new monetary theory of the trade cycle, which, under further development by Mises s student Nobel Laureate F A Hayek, came to challenge all previous trade cycle theories.Ludwig von Mises 1881 1973 was the leading spokesman of the Austrian School of economics throughout most of the twentieth century.Please note This title is available as an ebook for purchase on , Barnes and Noble, and iTunes.

    One thought on “The Theory of Money and Credit”

    1. If you want to become like Jim Rogers, Marc Faber, Peter Schiff, you need to read and understand this book, otherwise you will be only an amateur on financial markets, this book alone with Mises 1928 monograph are the best books on money ever, becareful you need to have some background on Menger,Bohm-Bawerk and Banking theories, Take a breath and open your mind into the best book on money ever !

    2. As most of the Western world continues to believe that monetization of debt has no real consequences, it is important to point out that not everyone shares this view.Ludwig von Mises's The Theory of Money and Credit takes the opposite view. This book belongs to what is called "The Austrian School" - the concept that the expansion of the money supply and/or credit will have real - although not always apparent - consequences.The heart of much contention is a debate over the nature of economic acti [...]

    3. This was surprisingly readable once I got into it (I expected von Mises to be impenetrable). Critics will say it has not aged well since some things von Mises posits as impossible have come to pass. I'm actually not sure our current, completely-untethered-to-gold money system will remain indefinitely intact, but I doubt von Mises would have believed it would endure 35+ years, which it has. Still, I found myself agreeing with the basic thesis that money is too important to entrust to government, [...]

    4. a dense and somewhat difficult book on the nature of money, the reasons for interest, the effects of inflation, and the justifications for metal currency. The arguments that it refutes soundly I still hear today, but they are no more correct now than then, and I think this holds up quite well with the passing of time, and is a good point of reference for arguments against deficit spending and inflationary policies. Far more self consistent than the competition.

    5. This is a nice booklet, but Human Action is a better book, and it contains a section on monetary policy, and this book doesn't add anything to it

    6. Being on a particular topic in economics, The Theory of Money and Credit struck me as a clearer and more focused effort than did Mises's magnus opus, the possibly better-known Human Action. There is no waxing on the virtues of praxeology here; instead, Mises writes exhaustively and with precision solely on the natures of money and credit, and almost always with a dispassionate, analytical, and careful disposition (pace Rothbard, for example). The result is a lengthy tome on money and credit, wri [...]

    7. As most of the Western world continues to believe that monetization of debt has no real consequences, it is important to point out that not everyone shares this view.Ludwig von Mises's The Theory of Money and Credit takes the opposite view. This book belongs to what is called "The Austrian School" - the concept that the expansion of the money supply and/or credit will have real - although not always apparent - consequences.The heart of much contention is a debate over the nature of economic acti [...]

    8. Interesting Quotes:"Arguments from authority are invalid; the proof of a theory is in its reasoning, not in its sponsorship." -Ludwig von Mises, the Theory of Money and Credit"The increase in the quantity of money does not mean an increase of income for all individuals. On the contrary, those sections of the community that are the last to be reached by the additional quantity of money have their incomes reduced, as a consequence of the decrease in the value of money called forth by the increase [...]

    9. Es otra de las obras de economistas austríacos que describen la realidad actual, a pesar de que tiene más de 100 años de haber sido publicado, en este se explica con detalle el ciclo económico y cómo debido a la manipulación centralizada del dinero pueden causar crisis económicas, es decir, las deliberadas y arbitrarias medidas de los banco centrales crean señales erróneas en el mercado sobre el comportamiento del dinero creando la típicas burbujas que conocemos actualmente.Me sorprend [...]

    10. I've read many books that could be described as dry or dense and they all seem to deal with the field of economics. I didn't find much to really disagree with but I also didn't find a whole lot that really stuck with me, either. I found myself skimming over large sections of review of 19th century economics/economic theory or sections that just repeated what the author had said already or sections that stated the obvious. Not worth the time in my opinion.

    11. Alright this book took me sometime to digest. It wasn't that Mises wasn't clear enough, I just lacked the education to comprehend his theories in total. I would say the Theory of Moeny and Credit is for those who have already grasped the basics of the Austrian school and want to push a little deeper. A great book but know that you are taking on a giant here with giant ideas. Start with Hazlitt in Economics in One Lesson first.

    12. Many of Mises' works are clear and highly readable. The Theory of Money and Credit (as one of his earliest works, written in German) was translated in a relatively complicated style, and requires a bit more concentration than his other works.

    13. This was not as difficult to read as I expected, but it was difficult to truly understand. It's a classic, so I'm glad to have read it.

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