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
Professor von Mises addressed himself to a particular issue: what is the essential difference between bureaucratic management by government and market management in a system based on private ownership of the means of production? Mises does not discuss bur
This book presents the theoretical and practical arguments for liberalism. Mises contrasts liberalism with other conceivable systems of social organization such as socialism, communism, and fascism. He is also more specific here than elsewhere in applying
In the foreword to
Human Action: A Treatise on Economics,
Mises explains complex market phenomena as "the outcomes of countless conscious, purposive actions, choices, and preferences of individuals, each of whom was trying as best as he or she could u
This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would act
