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...

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...

"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...

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In the sequence of Mises's books concerning policy, this book followed Socialism, and was the first to present a new theory of interventionism. In Mises's view, interventionism is an inherently unstable policy because it creates new dislocations that would seem to cry out for further interventions, which, in turn, do not solve the problem. The end of interventionism is socialism, a fate which can be logically avoided only by a sharp turn towards free markets. Along with Socialism and the Liberalism, this book stands as a masterpiece of...

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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...

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These are difficult times for those who love freedom. But they are nothing like what Mises faced during his life. He prevailed, and his Memoirs explain how. We can learn from Mises in this respect too. "How one carries on in the face of unavoidable catastrophe is a matter of temperament," wrote Ludwig von Mises in his private memoir of his life in Europe. It was true in his time and it is true in ours. This new translation and edition of Mises's moving account of his life, published by the Mises Institute, provides not only deeply...

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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...

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New edition with an introduction by Roger Garrison and an index. Booms and busts are not endemic to the free market, argues the Austrian theory of the business cycle, but come about through manipulation of money and credit by central banks. In this monograph, Austrian giants explain and defend the theory against alternatives. Includes essays by Mises, Rothbard, Haberler, and Hayek. In his later years, Professor Haberler distributed many of these monographs to friends and associates.

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In this thrilling essay written in 1945, Mises lays out a theory of social organization in response to the Marxist critique of the free society. He explains that the Marxist view is wrong concerning its claim that there is a clash of group interests in the market order. He explains the difference in the competition between producers and a Marxian-type struggle. He shows how the relationships between labor and capital are essentially cooperative in that interests coincide over the long run - and so it is with all groups in a free society....

This new edition (completely reset) of Planned Chaos features a new introduction by Chris Westley of Jacksonville State University. The introduction brings this classic up to date - not that it has ever fallen out of date or ever will. The title comes from Mises's description of the reality of central planning and socialism, whether of the national variety (Nazism) or the international variety (communism). Rather than create an orderly society, the attempt to central plan has precisely the opposite effect. By short-circuiting the price mechanism and forcing people into economic lives contrary...