The Theory of Money and Credit
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Narrated by:
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Jim Vann
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By:
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Ludwig von Mises
About this listen
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.
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Best-selling author and world-renowned historian Niall Ferguson has won widespread acclaim for thought-provoking works such as Civilization and High Financier. The Great Degeneration tackles nothing less than the decline of Western civilization. Ferguson posits that slowing growth, outrageous debt, and antisocial behavior are contributing to the erosion of the West’s once rock-solid foundations. Ferguson excavates the causes and shows how heroic leadership and radical reform are needed to right the course.
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Superb as always!
- By Ivanhoe on 08-28-17
By: Niall Ferguson
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Defending the Undefendable
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Professor Block's book is among the most famous of the great defenses of victimless crimes and controversial economic practices, from profiteering and gouging to bribery and blackmail. However, beneath the surface, this book is also an outstanding work of microeconomic theory that explains the workings of economic forces in everyday events and affairs.
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Stretching My Mind
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The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The audiobook identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system.
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Good on Europe's problems, fair global update
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The History of Banking
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Have you ever wondered who started banking and for what reason? Or where money came from and how it's regulated? Ever wonder how banks are able to lend out billions of dollars at a time? This book gives a detailed outline of the history of banking from the 15 century to present day. Whether you are a fellow banker like myself, aspiring to work in the world of finance, or just plain curious, this book covers everything you need to know from top to bottom.
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Changing Lives..
- By jency on 12-12-17
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How the Other Half Banks
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The United States has two separate banking systems today - one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities - all thanks to deregulation that began in the 1970s.
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The Borrowers at the Fringe
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Other People's Money
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The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions.
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Listened twice. Everyone must read this.
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Why Save the Bankers?
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Thomas Piketty's work has proved that unfettered markets lead to increasing inequality. Without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands. Armed with this knowledge, democratic societies face a defining challenge: fending off a new aristocracy. For years Piketty has wrestled with this problem in his monthly newspaper column, which pierces the surface of current events to reveal the economic forces underneath.
By: Thomas Piketty, and others
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What listeners say about The Theory of Money and Credit
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Todd Woollen
- 07-20-19
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.
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4 people found this helpful
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- Tyler Zudans
- 07-11-23
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.
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- Anonymous User
- 04-13-23
It would be fun if it had jokes
I had to listen at 2x to get enough words per attention span to get his drift.
Someone should rewrite it in a fashion that more than nerds (me) and libertarians read/listen to.
On the other Austrian, the nature of the subject, with all its misconceptions, does demand precision; so missing half a definition during a household noise is a mere occupational hazard.
I like men who have all the details down; many people grant some false premises in order to disprove others. This guy picks out all the misconceptions in the carpet of multinational, international, and local finance with a tweezers.
They got an austere fella to read this; he did it neatly and in the style of a dead Austrian.
If they had got someone with emotions more prone to market fluctuations, the info could perhaps be more understandable and memorable; but I will be back in some months to relisten in order to understand more.
Nice to know that yes, there ARE rules, and yes, the newsboys ARE covering for the Fed.
10/10 BASED
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- tin
- 07-23-23
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
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1 person found this helpful
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- Matthew Anderson
- 12-08-23
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.
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- Alex
- 05-30-24
Financial Literacy
This book should be mandatory to read in high school as it is imperative for basic financial literacy.
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