Overview

Published by Liberty Fund for the first time in English, ""On the Manipulation of Money and Credit"" consists primarily of three pieces on monetary theory written by Ludwig von Mises between 1923 and 1931. As a precursor to Human Action, Mises's magnum opus, this volume includes some of his most important contributions to trade-cycle theory. The first essay, ""Stabilization of the Monetary Unit from the Viewpoint of Theory"" written in 1923 during a period of German hyperinflation, discusses the consequences of the fluctuating purchasing power of paper money and explores such ideas as the outcome of inflation, that is, the result of the increase in the amount of money, and an emancipation of monetary value from the influence of government. Written in 1928, the second essay, ""Monetary Stabilization and Cyclical Policy"" critiques schemes for stabilising prices and for ""measuring"" purchasing power. The third selection is a speech Mises gave in 1931, ""The Causes of the Economic Crisis"". It explores the nature and role of the market and cyclical changes in business conditions.

Full Product Details

Author:   Ludwig von Mises ,  Bettina Bien Greaves ,  Bettina Bien Greaves
Publisher:   Liberty Fund Inc
Imprint:   Liberty Fund Inc
Edition:   annotated edition
Dimensions:   Width: 23.00cm , Height: 2.00cm , Length: 15.50cm
Weight:   0.506kg
ISBN:  

9780865977617

ISBN 10:   0865977615
Pages:   202
Publication Date:   08 November 2011
Audience:   General/trade ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   Awaiting stock  
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Table of Contents

"Introduction; The Outcome of Inflation; The Emancipation of Monetary Value from the Influence of Government; The Return to Gold; The Money Relation; Comments on the ""Balance of Payments"" Doctrine; The Inflationist Argument; The New Monetary System; The Ideological Meaning of Reform; The Problem; The Gold Standard; The ""Manipulation"" of the Gold Standard; ""Measuring"" Changes in the Purchasing Power of the Monetary Unit; Fishers Stabilization Plan; Goods-induced & Cash-induced Changes in the Purchasing Power of the Monetary Unit; The Goal of Monetary Policy; Stabilization of the Purchasing Power of the Monetary Unit & Elimination of the Trade Cycle; Circulation Credit Theory; The Reappearance of Cycles; The Crisis Policy of the Currency School; Modern Cyclical Policy; Control of the Money Market; Business Forecasting for Cyclical Policy & the Businessman; The Aims & Method of Cyclical Policy; The Nature & Role of the Market; Cyclical Changes in Business Conditions; The Present Crisis; Is There a Way Out?; Index."

Reviews

"""It is a work that should be read by economists who have an interest in the history of twentieth century economic thought, as well as those who would like to get a readable introduction to the pre-Keynesian perspective on the theory and policy associated with the microeconomic analytics of macroeconomic disturbances."" - Peter J. Boettke, George Mason University,History of Economic Thought and Policy/2-2012"

It is a work that should be read by economists who have an interest in the history of twentieth century economic thought, as well as those who would like to get a readable introduction to the pre-Keynesian perspective on the theory and policy associated with the microeconomic analytics of macroeconomic disturbances. - Peter J. Boettke, George Mason University,History of Economic Thought and Policy/2-2012

Author Information

Ludwig von Mises (18811973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century. Bettina Bien Greaves is a former resident scholar and trustee of the Foundation for Economic Education and was a senior staff member at FEE from 1951 to 1999.

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