The Theory of Money and Credit

By: Ludwig von Mises

Narrated by: Jim Vann

Mises wrote this book for the ages, and it remains the most spirited, thorough, and scientifically rigorous treatise on money ever to appear. It made his reputation across Europe and established him as the most important economist of his age.

This Mises Institute edition is the first English edition, and it comes complete with an explanatory foreword by Murray Rothbard and a preface by Douglas French.

This classic treatise was the first really great integration of microeconomics and macroeconomics, and it remains the definitive book on the foundations of monetary theory. As Rothbard points out in his introduction to "the best book on money ever written," economists have yet to absorb all its lessons.

Mises shows that money had its origin in the market, and that its value is based on its usefulness as a commodity in exchange. Step by step, Mises presents the case for sound money without inflation and presents the beginnings of a full-scale business-cycle theory. This edition includes Mises' early blueprint, improved later in life, for a return to a fully backed gold standard and competitive banking.

©2009 Ludwig von Mises Institute (P)2017 Luwig von Mises Institute

Interesting read

Interesting read as a stand alone and also as a precursor to Human Action, Ludwig von Mises' masterpiece. A useful history of the cyclical mistakes of nations with their monetary policies. I am repeatedly impressed with the wisdom and scholarship of von Mises.

What is money?

Meticulous analysis of the economic principles of money. This was particularly interesting from the perspective of the novel invention of cryptocurrencies long after this book was written.

Unbelievable

This book is incredible thorough. Mises is incredible, but not an easy read. I feel like every few sentences I need to listen to multiple times just bc it's dense stuff. I heard someone say it's like reading Shakespeare in that it's English but you may have to read or listen to portions more than once to really grasp the idea he is sharing. I really enjoyed this and hope you do too. It was awesome

Deep dive into monetary theory.

Wide and deep and completely relevant for today’s world, if only some people in power had the gumption to learn it.

Financial Literacy

This book should be mandatory to read in high school as it is imperative for basic financial literacy.