On the Manipulation of Money and Credit: Three Treatises on Trade-Cycle Theory

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The three treatises in On the Manipulation of Money and Credit were written in German between 1923 and 1931. Together they include some of Mises’s most important contributions to monetary and trade-cycle theories. In the first essay, “Stabilization of the Monetary Unit from the Viewpoint of Theory,” written during the period of German hyperinflation, Mises discusses the consequences of the fluctuating purchasing power of paper money. The second essay, “Monetary Stabilization and Cyclical Policy,” written in 1928, presents Mises’s business-cycle theory. The third piece, “The Causes of the Economic Crisis,” is a speech Mises delivered in 1931 exploring the nature and role of the market and cyclical changes in business conditions.

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On the Manipulation of Money and Credit: Three Treatises on Trade-Cycle Theory. Translated and with a Foreword by Bettina Bien Greaves,. Edited by Percy L. Greaves, Jr. (Indianapolis: Liberty Fund, 2011).

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This material is provided on this disk to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.

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