"MISES SHOWS HERE HOW MISTAKEN MONETARY POLICIES LEAD TO THE DESTRUCTION OF LIBERTY": MISES' GREATEST ECONOMIC TREATISE, EARLY AMERICAN EDITION IN DUST JACKET

MISES, Ludwig von. The Theory of Money and Credit. New York: Harcourt Brace & Co., 1936. Octavo, original brown cloth, original dust jacket. $1200.

Early American edition, published one year after the first, of this landmark in free market economic theory, in original dust jacket.

Considered Von Mises' greatest economic treatise, this work's emphasis on the origin of money and credit in the marketplace, the logic of rational individual action, and the enduring value of maintaining a gold standard free from government manipulation was an important alternative to the dominant trends in contemporary economic thought and practice. It was issued in English at a time when many Western nations, led by the U.S., were going off the gold standard to facilitate the creation of state-controlled investment capital to finance planned economic development. "Professor Mises shows here how mistaken monetary policies lead to the destruction of liberty" (Hazlitt, The Free Man's Library, 119-20). Originally published as Theories des Geldes und der Umlaufsmittel in Munich in 1912, this work was first published by Jonathan Cape in London in 1934, and then in New York by Harcourt Brace in 1935. Lengthy pencil gift inscription on front free endpaper; extensive pencil underlinings and annotations throughout carefully read text.

A few page corners turned down, minor rubs to spine ends and corners of clean cloth. Scarce original dust jacket with restoration to ends of mildly toned spine, reinforced on verso along length of spine and flap folds. A very good copy.