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Source link: http://archive.mises.org/11211/the-enduring-power-of-mises/

The Enduring Power of Mises

December 10, 2009 by

We had some sense that it was time for a new edition of Mises’s Theory of Money and Credit, first published in German in 1912, at the very dawn of the age of central banking. Mises patiently explains the origin of money and hammers out a solution to the circularity of value problem of money, postulating a “regression theorem” to underscore how money had to originate as a tradeable non-money commodity. He explained the interest rate and its functioning as a investment signal, and had the first glimpses of what later came to be a full-blown business cycle theory that casts blame on central banking for destabilizing the time balance between investment and consumption. And after all these years, Mises’s work holds up. It remains the most systematic presentation of the theory of money in print.

As for the demand for a new edition, if the first day’s sales are an indication, there is huge demand. The warehouse is flooded with orders for this book. All hail Mises. He wrote this book for the long term. The long term is here and the greatness of this book is on display for everyone to see.


MB December 10, 2009 at 9:41 am

I find that surprising.

It’s not like it was out of print. People could get either the HB or PB editions from Liberty Fund. Heck, someone is offering a POD version thru Amazon.com, and I believe there are a couple of Kindle editions as well.

Mike December 10, 2009 at 11:27 am

I just realized that this book will be hundred years old within three years. Thats amazing!

J. Grayson Lilburne December 10, 2009 at 4:11 pm

I am exceedingly glad that there is a new cover for TMC. It’s so boring how so many Liberty Fund Mises books have the same exact photo of Mises on the cover.

MB December 11, 2009 at 10:09 am

“It’s so boring how so many Liberty Fund Mises books have the same exact photo of Mises on the cover.”

ALL of the Liberty Fund Mises books have the same cover. The only thing they change is the secondary color on the cover.

At least they do that, whereas on their Hayek books they are ALL the same. LF needs someone to do a better job of designing their covers.

At least they are better then Libertarian Presses’ series of horizontal stripes…

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