Geldwertstabilisierung und Konjunkturpolitik

Ludwig von Mises

The 1928 German edition of Mises’s On the Manipulation of Money and Credit.

Geldwertstabilisierung und Konjunkturpolitik by Mises

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Ludwig von Mises
Ludwig von Mises

Ludwig von Mises was the acknowledged leader of the Austrian school of economic thought, a prodigious originator in economic theory, and a prolific author. Mises’s writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy. His contributions to economic theory include important clarifications on the quantity theory of money, the theory of the trade cycle, the integration of monetary theory with economic theory in general, and a demonstration that socialism must fail because it cannot solve the problem of economic calculation. Mises was the first scholar to recognize that economics is part of a larger science in human action, a science that he called praxeology.

Mises Daily Ludwig von Mises
There is only one way that leads to an improvement of the standard of living for the wage-earning masses, viz., the increase in the amount of capital invested. All other methods, however popular they may be, are not only futile, but are actually detrimental to the well-being of those they allegedly want to benefit.
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References

Geldwertstabilisierung and Konjunkturpolitik. Jena: Gustav Fischer, 1928. Italian translation: La Stabilizzazione del Potere d`acquisto della Moneta e la Politica della Congiuntura. Translated from the German by Jenny Griziotti Kretschmann. In Mercato Monetaria (Nuova Collana di Economisti, Stranieri e Italiani, Vol.8) Turin, 1935. pp.23-90. English translation by Bettina Bien Greaves: in On the Manipulation of Money and Credit, 1978.