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The Theory of Money and Credit

 Author: Ludwig von Mises  Category: Liberty.me Books  Published: 1912  File Size: 24.8 MB  Download
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Ludwig von Mises shows how money had its origin in the market, and how its value is based on its usefulness as a commodity in exchange. In a step-by-step manner, he presents the case for sound money with no inflation, and presents the beginnings of a full-scale business cycle theory.

The Theory of Money and Credit is the 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.


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Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.