Money and Credit is an economics book written by Ludwig von Mises, originally published in German as Theorie des Geldes und der Umlaufsmittel in 1912. Along with Carl Menger's Principles of Economics, and Eugen von Böhm-Bawerk's Capital and Interest, this work was a major contribution to economic theory.
Its first English translation was published in 1934, and Part Four was added by Mises to the English language edition in 1953. In this work, Mises looks at the nature and value of money, and its effect on determining monetary policy. Included is his regression theorem, that tries to explain why money is demanded in its own right, as moneys at first glance do not serve a consumable need. Mises explained that moneys only can come about after there has been a demand for the money commodity in a barter economy.read the story....
Man, Economy, and State:
A Treatise on Economic Principles, first published in 1962, is a book on economics by Murray Rothbard, and is one of the most important books in the Austrian School of economics (others are Ludwig von Mises' The Theory of Money and Credit and Human Action). Economist Walter Block has described this volume as "excruciatingly brilliant." Wendy McElroy credits the book as being "solely responsible for turning [her] from the advocacy of limited government to a lifetime of work within the individualist-anarchist tradition."
When originally published in 1962, the final eight chapters were removed for political reasons; these were finally published as Power and Market in 1970. The 2004 edition published by the Ludwig von Mises Institute combines both books in a single volume. This book provides a discussion of both microeconomics and macroeconomics.
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