Mises's book is classic Mises. The writing is crisp and very straightforward. The conclusions, while deviating significantly from the Keynesian consensus reflect the consistent and persistent application of classical political economy and the early neoclassical theory of value and price to the area of money and credit and the economic analysis of crises. It is a work that should be read by economists who have an interest in the history of twentieth-century economic thought, as well as those who would like to get a readable introduction to the pre-Keynesian perspective on the theory and policy associated with the microeconomic analytics of macroeconomic disturbances.

Peter J. Boettke
History of Economic Thought and Policy/ 2-2012

. . . . Throughout the book Mises alternates between explanations of economic theory and demonstrating the results in practice. He takes the reader through the philosophical arguments and rhetorical tricks of the Marxists and shows the results of such policies. He covers the collaspe of the Weimar Republic, how anti-Semitism was hitched to etatism and economic justifications, the rise of National Socialism, the results of central planning, and even how monetary systems and gold standard play into the operation world economies

www.whatwouldthefoundersthink.com

August 2011