On the Manipulation of Money and Credit

PART I  STABILIZATION OF THE PURCHASING POWEROF THE MONETARY UNIT......Page 1
  On the Manipulation of Money and Credit    By Ludwig von Mises......Page 2
Table of Contents......Page 4
STABILIZATION OF THE MONETARY UNIT— FROM THE VIEWPOINT OF THEORY  *......Page 6
INTRODUCTION......Page 7
I.  THE OUTCOME OF INFLATION......Page 9
II.  THE EMANCIPATION OF MONETARY VALUE FROM THE INFLUENCE OF GOVERNMENT......Page 22
 III. THE RETURN TO GOLD......Page 27
 IV.  THE MONEY RELATION......Page 30
VI.  THE INFLATIONIST ARGUMENT......Page 41
 V.  COMMENTS ON THE “BALANCE OF PAYMENTS” DOCTRINE......Page 34
VII. THE NEW MONETARY SYSTEM......Page 50
VIII.  THE IDEOLOGICAL MEANINGOF REFORM......Page 55
 BALANCE OF PAYMENTS AND  FOREIGN EXCHANGE RATES......Page 57
MONETARY STABILIZATION and CYCLICAL POLICY  by Ludwig von Mises......Page 64
PREFACE......Page 65
 PART I  STABILIZATION OF THE PURCHASING POWEROF THE MONETARY UNIT......Page 69
I THE PROBLEM......Page 70
II THE GOLD STANDARD......Page 74
III THE “MANIPULATION” OF THE GOLD STANDARD......Page 83
IV “MEASURING” CHANGES IN THE PURCHASING POWER OF THE MONETARY UNIT......Page 88
V FISHER’S STABILIZATION PLAN......Page 96
VI GOODS-INDUCED AND CASH-INDUCED CHANGES IN THE PURCHASING POWER OF THE MARKET......Page 105
VII THE GOAL OF MONETARY POLICY......Page 111
PART II  CYCLICAL POLICY TO ELIMINATE ECONOMIC FLUCTUATIONS......Page 116
 I STABILIZATION OF THE PURCHASING POWER OF THE MONETARY UNIT AND ELIMINATION OF THE TRADE CYCLE......Page 117
II CIRCULATION CREDIT THEORY......Page 124
III THE REAPPEARANCE OF CYCLES......Page 138
IV THE CRISIS POLICY OF THE CURRENCY SCHOOL......Page 151
V MODERN1 CYCLICAL POLICY......Page 155
VI CONTROL OF THE MONEY MARKET......Page 164
VII BUSINESS FORECASTING FOR CYCLICAL POLICY AND THE BUSINESSMAN......Page 171
VIII THE AIMS AND METHOD CYCLICAL POLICY......Page 175
THE CAUSES OF THE ECONOMIC CRISIS An Address* by Ludwig von Mises (1931)......Page 181
I THE NATURE AND ROLE OF THE MARKET......Page 182
II CYCLICAL CHANGES IN BUSINESS CONDITIONS......Page 188
III THE PRESENT CRISIS......Page 192
IV IS THERE A WAY OUT?......Page 209
TWO POSTSCRIPTS  by Ludwig von Mises......Page 212
THE CURRENT STATUS OF BUSINESS CYCLE RESEARCH AND ITS PROSPECTS FOR THE IMMEDIATE FUTURE by Ludwig von Mises (1933) **......Page 213
THE TRADE CYCLE AND CREDIT EXPANSION: THE ECONOMIC CONSEQUENCES OF CHEAP MONEYBy Ludwig von Mises **......Page 221