Geldwertstabilisierung und Konjunkturpolitik.

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. [IV],84p. Orig. printed orange wrappers, partly loosening. Small stamp ( Deutsche Weltwirtschaftliche Gesellschaft e. V.') below the imprint and at top of the upper wrapper, remainders of a label at foot of back. First edition. In the 1920s, von Mises fully developed his cycle theory, elaborating it in his Geldwertstabilisierung und Konjunkturpolitik' and applying it, in Die Ursachen der Wirtschaftskrise' (1931), to the great depression which began at this time and which he had anticipated. His theory aroused wide-spread interest on the Continent and in England as an explanation of the unexpectedly severe depression. The policy conclusions he drew from the theory were especially thought-provoking: strict laissez-faire and reduction of government expenditure; hard money and abstention from any inflation; and freedom for market forces to complete their adjustments as quickly as possible, without artificial propping up of wage rates, stimulation of consumption, or preservation of unsound investments and firms.'*IESS XVI,p.380. N° de ref. del artículo 24235

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