Written in 1923 during a period of German hyperinflation, this book discusses the consequences of the fluctuating purchasing power of paper money and explores such ideas as the outcome of inflation, that is, the result of the increase in the amount of money, and an emancipation of monetary value from the influence of government.

Presents the theoretical and practical arguments for liberalism. This book argues that liberalism is not a political party, and that it offers no special privileges to anyone; it aims at securing equality under law for everyone, so as to allow equal opportunity to all human beings to make their own choices and decisions.

Attributes the tremendous technological progress and the consequent increase in wealth and general welfare in the 19th and 20th centuries to the introduction of liberal government policies based on free-market economic teachings, creating an economic and political environment which permits individuals to pursue their goals in freedom and peace.

Published for the first time together in one volume is Ludwig von Mises's Notes and Recollections with The Historical Setting of the Austrian School of Economics. Written between 1940 and 1941, shortly after he arrived in the United States, Notes and Recollections is in effect Mises's pre-1940 intellectual autobiography. This work reveals how Mises developed his theories, wrote his books, lectured, and taught; it describes his life in Vienna and the people with whom he worked. He also discusses his activities as an adviser to Austrian government officials and his frustrations in attempting to...