Austrian School of Economics

The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany

This history of inflation in Weimar Germany is probably the most readable and riveting ever published. This is the reason this book, published first in 1975, is so legendary. The first generation that read it went wild and bought as many copies as were available. Then, mysteriously, it went out of print.

For years, copies fetched thousands of dollars on the used-book market. People were willing to pay. For those who couldn't afford it, there’s nothing like that kind of price tag to draw interest.

Like Hayek, Mises moved beyond economics in his later years to address questions regarding the foundation of all social science. But unlike Hayek's attempts, Mises's writings on these matters have received less attention than they deserve. Theory and History, writes Rothbard in his introduction, "remains by far the most neglected masterwork of Mises.

The cover is from a Greek portrayal of the reality of war -- a fitting portrayal too of life under socialism, in which brute force is the only way to secure control over resources essential to life.

This edition is the original as published by Yale University, the edition that introduce to American audiences the first thorough and scientific demolition of what was and is one of the great delusions in the history of the world.

What does one need to know about politics? In some ways, Nock has summed it all up in this astonishing book, the influence of which has grown every year since its publication.

The Mises Institute has long hoped for an opportunity to produce a new edition with a great cover. At last, the time has arrived. This edition is supplemented by a sweeping introduction by Butler Shaffer, a scholar who has written many books in the Nockian tradition.

Talk about great timing. Rothbard's extraordinary book unravels the mystery of banking: what is legitimate enterprise and what is a government-backed shell game that can't last. His explanation is clear enough for anyone to follow and yet precise and rigorous enough to be the best textbook for college classes on the topic. This is because its expositional clarity--in its history and theory--is essentially unrivaled.