The theory of money and credit

About “The theory of money and credit”

The Theory of Money and Credit is a 1912 economics book by Ludwig von Mises, originally published in German. It presents Mises's business cycle theory and introduces the regression theorem, which explains the purchasing power of money through subjective marginal utility. The book also covers the origins of money, the gold standard, the functions of money, and the role of the state and banking system in monetary affairs. It is considered a foundational text in economic theory, linking microeconomic and macroeconomic perspectives. (Summary adapted from Wikipedia, CC BY-SA 4.0.)