The Theory of Money and Credit
by Ludwig von Mises
Publisher: Yale University Press 1953
Number of pages: 498
This classic treatise on monetary theory remains the definitive integration of microeconomics and macroeconomics. First published in 1912-and remaining in print since that time-it catapulted Mises into the ranks of Europe's most respected economists. Rothbard aptly describes it as "the best book on money ever written," economists have yet to absorb all its lessons. Mises shows how money had its origin in the market, and how its value is based on its usefulness as a commodity in exchange. Mises presents the case for sound money with no inflation, and presents the beginnings of a full-scale business cycle theory.
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