On the Manipulation of Money and Credit: Three Treatises on Trade-Cycle Theory (Lib Works Ludwig Von Mises PB)

Half Title Page, p. i......Page 1
Frontispiece, p. iii......Page 3
Full  Title Page, p. v......Page 5
Copyright Page, p. vi......Page 6
Contents, p. vii......Page 7
Foreword, p. xiii......Page 13
Part: Stabilization of the Monetary Unit—From the Viewpoint of Theory, p. 1......Page 17
Introduction, p. 3......Page 19
1. Monetary Depreciation, p. 5......Page 21
2. Undesired Consequences, p. 8......Page 24
3. Effect on Interest Rates, p. 9......Page 25
4. The Run from Money, p. 10......Page 26
5. Effect of Speculation, p. 11......Page 27
6. Final Phases, p. 12......Page 28
7. Greater Importance of Money to a Modern Economy, p. 13......Page 29
1. Stop Presses and Credit Expansion, p. 15......Page 31
2. Relationship of Monetary Unit to World Money—Gold, p. 16......Page 32
3. Trend of Depreciation, p. 17......Page 33
1. Eminence of Gold, p. 19......Page 35
2. Sufficiency of Available Gold, p. 20......Page 36
1. Victory and Inflation, p. 22......Page 38
2. Establishing Gold "Ratio", p. 23......Page 39
1. Refined Quantity Theory of Money, p. 26......Page 42
2. Purchasing Power Parity, p. 27......Page 43
3. Foreign Exchange Rates, p. 28......Page 44
4. Foreign Exchange Regulations, p. 30......Page 46
1. Substitute for Taxes, p. 32......Page 48
2. Financing Unpopular Expenditures, p. 33......Page 49
3. War Reparations, p. 34......Page 50
4. The Alternatives, p. 35......Page 51
5. The Government's Dilemma, p. 37......Page 53
1. First Steps, p. 39......Page 55
2. Market Interest Rates, p. 41......Page 57
1. The Ideological Conflict, p. 43......Page 59
Appendix Balance of Payments and Foreign Exchange Rates, p. 45......Page 61
Part: Monetary Stabilization and Cyclical Policy, p. 51......Page 67
Preface, p. 53......Page 69
Part I: Stabilization of the Purchasing Power of the Monetary Unit, p. 57......Page 73
1. "Stable Value" Money, p. 59......Page 75
2. Recent Proposals, p. 60......Page 76
1. The Demand for Money, p. 62......Page 78
2. Economizing on Money, p. 64......Page 80
3. Interest on "Idle" Reserves, p. 66......Page 82
4. Gold Still Money, p. 68......Page 84
1. Monetary Policy and Purchasing Power of Gold, p. 69......Page 85
2. Changes in Purchasing Power of Gold, p. 71......Page 87
1. Imaginary Constructions, p. 73......Page 89
2. Index Numbers, p. 76......Page 92
1. Political Problem, p. 79......Page 95
2. Multiple Commodity Standard, p. 80......Page 96
3. Price Premium, p. 81......Page 97
4. Changes in Wealth and Income, p. 83......Page 99
5. Uncompensatable Changes, p. 85......Page 101
1. The Inherent Instability of Market Ratios, p. 87......Page 103
2. The Misplaced Partiality to Debtors, p. 89......Page 105
1. Liberalism and the Gold Standard, p. 92......Page 108
2. "Pure" Gold Standard Disregarded, p. 93......Page 109
3. The Index Standard, p. 94......Page 110
Part II: Cyclical Policy to Eliminate Economic Fluctuations, p. 97......Page 113
1. Currency School's Contribution, p. 99......Page 115
2. Early Trade Cycle Theories, p. 100......Page 116
3. The Circulation Credit Theory, p. 102......Page 118
1. The Banking School Fallacy, p. 105......Page 121
2. Early Effects of Credit Expansion, p. 107......Page 123
3. Inevitable Effects of Credit Expansion on Interest Rates, p. 109......Page 125
5. Malinvestment of Available Capital Goods, p. 110......Page 126
6. "Forced Savings", p. 112......Page 128
7. A Habit-forming Policy, p. 113......Page 129
8. The Inevitable Crisis and Cycle, p. 114......Page 130
1. Metallic Standard Fluctuations, p. 117......Page 133
2. Infrequent Recurrences of Paper Money Inflations, p. 118......Page 134
3. The Cyclical Process of Credit Expansions, p. 119......Page 135
4. The Mania for Lower Interest Rates, p. 121......Page 137
5. Free Banking, p. 123......Page 139
6. Government Intervention in Banking, p. 125......Page 141
7. Intervention No Remedy, p. 126......Page 142
1. The Inadequacy of the Currency School, p. 128......Page 144
2. "Booms" Favored, p. 130......Page 146
1. Pre-World War I Policy, p. 131......Page 147
2. Post-World War I Policies, p. 132......Page 148
3. Empirical Studies, p. 133......Page 149
4. Arbitrary Political Decisions, p. 135......Page 151
5. Sound Theory Essential, p. 137......Page 153
1. International Competition or Cooperation, p. 139......Page 155
2. "Boom" Promotion Problems, p. 141......Page 157
3. Drive for Tighter Controls, p. 142......Page 158
1. Contributions of Business Cycle Research, p. 145......Page 161
2. Difficulties of Precise Prediction, p. 146......Page 162
1. Revised Currency School Theory, p. 148......Page 164
2. "Price Level" Stabilization, p. 149......Page 165
3. International Complications, p. 150......Page 166
4. The Future, p. 151......Page 167
Part: The Causes Of the Economic Crisis: An Address, p. 153......Page 169
1. The Marxian "Anarchy of Production" Myth, p. 155......Page 171
2. The Role and Rule of Consumers, p. 156......Page 172
3. Production for Consumption, p. 157......Page 173
4. The Perniciousness of a "Producers' Policy", p. 158......Page 174
1. Role of Interest Rates, p. 160......Page 176
2. The Sequel of Credit Expansion, p. 161......Page 177
III The Present Crisis, p. 163......Page 179
1. The market Wage Rate Process, p. 164......Page 180
2. The Labor Union Wage Rate Concept, p. 165......Page 181
3. The Cause of Unemployment, p. 166......Page 182
4. The Remedy for mass Unemployment, p. 167......Page 183
5. The Effects of Government Intervention, p. 168......Page 184
6. The Process of Progress, p. 169......Page 185
1. The Subsidization of Surpluses, p. 170......Page 186
2. The Need for Readjustments, p. 172......Page 188
1. The Anti-capitalistic Mentality, p. 173......Page 189
1. The Decline in Prices, p. 174......Page 190
2. Inflation as a "Remedy", p. 176......Page 192
1. The Cause of Our Difficulties, p. 177......Page 193
2. The Unwanted Solution, p. 178......Page 194
Part: The Current Status of Business Cycle Research and Its Prospects for the Immediate Future, p. 179......Page 195
1. The Acceptance of the Circulation Credit Theory of Business Cycles, p. 181......Page 197
2. The Popularity of Low Interest Rates, p. 182......Page 198
4. The Effect of Lower than Unhampered Market Interest Rates, p. 184......Page 200
5. The Questionable Fear of Declining Prices, p. 185......Page 201
Part: The Trade Cycle and Credit Expansion : The Economic Consequences of Cheap Money, p. 187......Page 203
2. The Unpopularity of Interest, p. 189......Page 205
3. The Two Classes of Credit, p. 191......Page 207
4. The Function of Prices, Wage Rates and Interest Rates, p. 192......Page 208
5. The Effects of Politically Lowered Interest Rates, p. 194......Page 210
6. The Inevitable Ending, p. 198......Page 214
Index, p. 199......Page 215
Colophon, p. 208......Page 224