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Ludwig von Mises

The Theory of Money and Credit

Year
1912
Original language
German

Money, credit, and the business cycle from an Austrian perspective.

About this work

Originally Theorie des Geldes und der Umlaufsmittel (1912), later published in English as The Theory of Money and Credit. It addresses the value of money, bank credit, and cyclical effects of credit expansion.

Historical context

First published in German in 1912; English translations followed in later decades. Which concrete edition the indexed PDF matches: needs review.

Key themes

  • Value of money and purchasing power
  • Bank credit and fiduciary media
  • Business cycles and credit expansion

Notes on AI use

Answers are modern AI interpretations with cited excerpts from indexed works — not authentic statements by Ludwig von Mises. Source cards keep original quotes distinct from interpretation.

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