2012 Reprint of 1949 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Human Action: A Treatise on Economics is the first comprehensive treatise on economics written by a leading member of the modern Austrian school of economics. Von Mises contribution was very simple, yet at the same time extremely profound: he pointed out that the whole economy is the result of what individuals do. Individuals act, choose, cooperate, compete, and trade with one another. In this way Mises explained how complex market phenomena develop. Mises did not simply describe economic phenomena - prices, wages, interest rates, money, monopoly and even the trade cycle - he explained them 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 under the circumstances to attain various wants and ends and to avoid undesired consequences. Hence the title Mises chose for his economic treatise, Human Action.

2021 Hardcover Reprint of the 1949 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Human Action: A Treatise on Economics is the first comprehensive treatise on economics written by a leading member of the modern Austrian school of economics. Von Mises' contribution was very simple, yet at the same time extremely profound: he pointed out that the whole economy is the result of what individuals do. Individuals act, choose, cooperate, compete, and trade with one another. In this way Mises explained how complex market phenomena develop. Mises did not simply describe economic phenomena - prices, wages, interest rates, money, monopoly and even the trade cycle - he explained them as the outcomes of countless conscious, purposeful actions, choices, and preferences of individuals, each of whom was trying as best as he or she could under the circumstances to attain various wants and ends and to avoid undesired consequences. Hence the title Mises chose for his economic treatise, Human Action.

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. - from The Theory of Money and Credit

Originally published in 1912, Ludwig von Mises's The Theory of Money and Credit remains today one of economic theory's most influential and controversial treatises. Von Mises's examination into monetary theory changed forever the world of economic thought when he successfully integrated macroeconomics into microeconomics --previously deemed an impossible task --as well as offering explanations into the origin, value and future of money.

One hundred years later, von Mises and the Austrian school of economic theory are still fiercely debated by world economists in their search for the solution to America's current financial crisis. His theorems continue to inspire politicians and market experts who aim to raise up the common man and reduce the financial power of governments. In a preface added in 1952, von Mises urges the people of the world to see economic truth:

The great inflations of our age are not acts of God. They are man-made or, to say it bluntly, government-made. They are the off-shoots of doctrines that ascribe to governments the magic power of creating wealth out of nothing and of making people happy by raising the 'national income.'

The best book on money ever written. --Murray Rothbard, economist and historian

The greatest economist of the twentieth century. --Sandeep Jaitly, economist

LARGE PRINT EDITION More at LargePrintLiberty.com.

These chapters were originally delivered as lectures in Argentina in 1958, at the University of Buenos Aires, and later written up in prose. Mises had urged Argentina to turn from dictatorship and socialism toward full liberty, so there is a special urgency behind the cool logic employed here. The book's continued popularity is due to its clarity of exposition on the ways in which economic policy affects everyone.

It is a very good text for undergraduates studying economic policy, and for anyone who wants to gain a fundamental understanding of the interaction between market forces and government intervention.

LARGE PRINT EDITION More at LargePrintLiberty.com

In 1956, the Mont Pelerin Society was entering a difficult period in which its intellectual lights were drifting away from liberalism of the old school. Ludwig von Mises used his speech that year to explain why this was a terrible trend. He didn't rebuke anyone. What he did was back away from the events of the day to provide a sweeping reconstruction of economic history from the ancient world to the present. He provided a model of how to think outside one's own generation to understand the really big issues and the moral and practical urgency of embracing total freedom.The result is an essay for the ages. It is profound, visionary, and compelling beyond belief. Would that every undergraduate, or even citizen, read this piece. In here, Mises describes the revolutionary meaning of capitalism in human history, and how it was responsible for the most spectacular increases in the standard of living of the common man ever. It was mass production that lead people to live longer, healthier, and happier lives.Contemporary reports from the event in which he delivered this paper suggest that the people there were uninterested in Mises's point of view, but this is much to their shame. For what he left us with remains one of the most dazzling presentations of the case for economic liberty ever written. It is the perfect combination of high intelligence, vast historical understanding, and moral passion.

Original 1912 Edition. (English Translation first published 1934.) Economist and philosopher, Ludwig von Mises present his Theory of Money and Credit by first looking at the nature and value of money, why there is a demand for money, and how it is used as currency. He goes on to explain the purchasing power of money and how it determines economic and monetary policy, often in a way that results in financial melt-downs. Ludwig Heinrich Edler von Mises (September 29, 1881 - October 10, 1973) was an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School. The Theory of 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 B hm-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. The German word Umlaufsmittel literally translates as means of circulation and was translated into the text of the English version as fiduciary media. However, the publisher thought the unusual terminology would irritate readers and substituted money and credit in the title, thereby losing the specific distinction Mises had made in selecting his original term.

LARGE PRINT EDITION More at LargePrintLiberty.com.

In this volume Mises provides in economic terms an explanation of the international conflicts that caused both world wars. Although written more than half a century ago, Mises's main theme still stands: government interference in the economy leads to conflicts and wars. According to Mises, the last and best hope for peace is liberalism-the philosophy of liberty, free markets, limited government, and democracy.

Socialism: An Economic and Sociological Analysis is one of the most powerful critiques of socialism and socialist thinking that was ever written. A most convincing refutation of all the social and economical ideas of this failed system.

This book must rank as the most devastating analysis of socialism yet penned. . . . An economic classic in our time. --Henry Hazlitt

Liberalism (original German title: Liberalismus) is a book by Austrian School economist and libertarian thinker Ludwig von Mises, containing economic analysis and indicting critique of socialism. It was first published in 1927 by Gustav Fischer Verlag in Jena and defending classical liberal ideology based on individual property rights. Starting from the principle of private property, Mises shows how the other classical liberal freedoms follow from property rights and argues that liberalism free of government intervention is required to promote peace, social harmony and the general welfare. The book was translated into English by a student of Mises, Ralph Raico, but its first English edition in 1962 was titled The Free and Prosperous Commonwealth rather than Liberalism, as Mises thought that the literal translation would create confusion because the term liberalism after the New Deal and especially in the 1960s became widely used in the United States to refer to a centre-left politics that supports degrees of government intervention, in opposition to Mises' central premise. The English translation was made available online by the Ludwig von Mises Institute in 2000. (wikipedia.org)

This is a new release of the original 1956 edition.

LARGE PRINT EDITION More at LargePrintLiberty.com

In 1954, after a lifetime of serious theoretical work in economic science, Mises turned his attention to one of the great puzzles of all time: discovering why the intellectuals hate capitalism. The result is this socio-psycho-cultural analysis informed by economic theory.Mises explores answers from a wide variety of angles, and discusses the nature of academic institutions, popular culture, and how vices like jealousy and envy affect theory. All play a role in preventing people from seeing the self-evident benefits of economic freedom relative to controls. His comments on the resentment of the intellectuals cut very deeply. Mises shrewdly teases the anti-capitalist bias out of contemporary fiction and popular culture generally.In the course of his narrative, he explains aspects of the market that have generally eluded even its defenders. For example, is it true that markets dumb down the culture, exalting trashy novels and movies over higher-brow fare? Mises points out that the tastes of the masses will always and everywhere be lower than those educated and cultivated to love higher culture. But, he says, the glory of capitalism is that it brings to every sector what it wants and needs, and more of it than any other system. So, yes, there will be more trash, but also more great work as well. It is a matter of availability: Under socialism, nothing is available. Under capitalism, choice seems nearly infinite.His is quite subtle in his analysis here and throughout. It's remarkable how his narrative applies in our time, even more than when it was written.The style of this volume is more casual than you will find elsewhere. In some sense, it is more thrilling for it. The reader senses that Mises has unleashed a lifetime of frustration here, and shined a very bright light on some dark corners of opinion.

LARGE PRINT EDITION More at LargePrintLiberty.com

In 1951, Mises gave an outstanding paper that made the summary case for the price system under capitalistic economic systems. In Profit and Loss, he explains how cost accounting is the critical institution that ferrets out social waste, ensures that resources are directed to their most highly valued ends, and how entrepreneurs respond to price signals. His presentation is systematic, relentless, logical, and ultimately devastating to the opponents of profit and loss.He explains what it is that entrepreneurs confront in a market economy and how no bureaucratic institution can replicate the trial-and-error process that is at the heart of the market system. He weaves into his analysis the role of the consumer as the final arbiter of what is produced and distributed.

In 1920, Ludwig von Mises dropped a bombshell on the European economic world with his article called Economic Calculation in the Socialist Commonwealth. It argued that socialism was impossible as an economic system. It set off two decades of debate, so by the time the essays appeared in English, in this very book here, in 1935, the debate was still raging. This volume edited by F.A. Hayek dug the knife into socialism's heart unlike any book to ever appear. It contains essays by Mises along with a foreword and afterword by Hayek. It also contains more commentary by N.G. Pierson, George Halm, and Enrico Barone.

It is exceptionally well edited and beautifully argued, and has not been in print for many years. The contents are nothing short of prophetic.

The so-called Calculation Argument has never been answered. It shows that without private property in capital goods, there can be no prices and hence no data available for cost accounting. Production becomes random at best, and completely irrational. Mises had convinced his generation and this book completely devastates the whole socialist apparatus from a theoretical point of view.

No one interested in this debate can afford not to be well-versed in the contents of this book.

In dem Werk Der historische Rahmen der österreichischen Schule der Nationalökonomie erzählt Ludwig von Mises über die Entstehungsgeschichte der österreichischen Schule unter Carl Menger, Eugen von Böhm-Bawerk und Friedrich Wieser als Antagonismus zur deutschen historischen Schule unter Gustav von Schmoller.

2012 Reprint of 1962 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. If Mises has an unheralded masterpiece, The Ultimate Foundation of Economic Science is it. There are two senses in which this book is indeed ultimate: it deals with the very core of economics as a science, and it is the last book that he wrote. For that reason, it is a real milestone in the history of his work. In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine.

2010 Reprint of original 1956 edition. Paperback, 114pp. Mises wrote and lectured extensively on behalf of classical liberalism and is seen as one of the leaders of the Austrian School of economics. Mises introduced praxeology as a more general conceptual foundation of the social sciences and established that economic laws were only arrived at through the means of methodological individualism firmly rejecting positivism and materialism as a foundation for the social sciences. Many of his works were on two related economic themes:1. Monetary economics and inflation; 2. The differences between government controlled economies and free trade.

From one of the preeminent theorists of the acclaimed Austrian school of economics, The Theory of Money and Credit represents a major contribution to the science of economics. Von Mises examines the value of money, how it can be measured, and the effects of credit and monetary policy at the nation-state level. Von Mises is well known for advocating a return to the gold standard as a way to eliminate the growth and recession cycles. Given the current economic crises, many people who want a better understanding of economics are turning back to this classic work in order to be better informed on the implications of monetary and credit policy.

2012 Reprint of 1962 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. This masterwork is much more than a refutation of the economics of socialism (although on that front, nothing else compares). It is also a critique of the entire intellectual apparatus that accompanies the socialist idea, including the implicit religious doctrines behind Western socialist thinking, a cultural critique of socialist teaching on sex and marriage, a refutation of syndicalism and corporatism, an examination of the implications of radical human inequality, an attack on war socialism, and refutation of collectivist methodology. In short, Mises set out to refute socialism, and instead pulled up the socialist mentality from its very roots. For that reason, Socialism led dozens of famous intellectuals, including a young F.A. Hayek, into a crisis of faith and a realist/libertarian political orientation. All the collectivist literature combined cannot equal the intellectual achievement of this one volume.

2012 Reprint of 1962 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. The Free and Prosperous Commonwealth is an influential book by Austrian School economist and libertarian thinker Ludwig von Mises, containing economic analysis and a strong critique of socialism. Starting from the principle of private property, Mises shows how the other classical liberal freedoms follow from property rights and argues that liberalism free of government intervention is required to promote peace, social harmony and the general welfare.

2012 Reprint of Original 1957 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Mises' fourth and last great work, Theory and History (1957), has made remarkably little impact, and has rarely been cited even by the young economists of the recent Austrian revival. It remains by far the most neglected masterwork of Mises. And yet it provides the philosophical backstop and elaboration of the philosophy underlying Human Action. It is Mises' great methodological work, explaining the basis of his approach to economics, and providing scintillating critiques of such fallacious alternatives as historicism, scientism, and Marxian dialectical materialism.- Murray N. Rothbard-Preface to online edition of 2000.