The Illusion of Wealth: Ludwig von Mises on the Business Cycle (LFB)

The Austrian theory of the business cycle gives a completely different account of booms and busts than you will find in the media or from the mouth of Ben Bernanke. The person who put the whole theory together is Ludwig von Mises. The Illusion of Wealth gives you the chance to assess his theory in his own words. In passages carefully selected by Robert Murphy, Mises explains economic calculation, prices, interest, capital, money, central banking and provides a detailed look at the mechanics...