ECONOMIC CRISIS
AND OTHER ESSAYS BEFORE
AND AFTER THE GREAT DEPRESSION
LUDWIG VON MISES
The Ludwig von Mises Institute dedicates this volume to all of its generous donors and wishes to thank these Patrons, in particular:
Reed W. Mower
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Hugh E. Ledbetter; MAN Financial Australia;
Roger Milliken; E.H. Morse
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Andreas Acavalos; Toby O. Baxendale; Michael Belkin;
Richard B. Bleiberg; John Hamilton Bolstad;
Mr. and Mrs. J.R. Bost; Mary E. Braum; Kerry E. Cutter;
Serge Danilov; Mr. and Mrs. Jeremy S. Davis;
Capt. and Mrs. Maino des Granges; Dr. and Mrs. George G. Eddy;
Reza Ektefaie; Douglas E. French and Deanna Forbush;
James W. Frevert; Brian J. Gladish; Charles Groff;
Gulcin Imre; Richard J. Kossmann, M.D.; Hunter Lewis;
Arthur L. Loeb; Mr. and Mrs. William W. Massey, Jr.;
John Scott McGregor; Joseph Edward Paul Melville;
Roy G. Michell; Mr. and Mrs. Robert E. Miller;
Mr. and Mrs. R. Nelson Nash; Thorsten Polleit;
Mr. and Mrs. Donald Mosby Rembert, Sr.; top dog™;
James M. Rodney; Sheldon Rose; Mr. and Mrs. Joseph P. Schirrick;
Mr. and Mrs. Charles R. Sebrell; Raleigh L. Shaklee; Tibor Silber;
Andrew Slain; Geoffry Smith; Dr. Tito Tettamanti;
Mr. and Mrs. Reginald Thatcher; Mr. and Mrs. Loronzo H. Thomson;
Jim W. Welch; Dr. Thomas L. Wenck;
Mr. and Mrs. Walter Woodul, III; Arthur Yakubovsky
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Mr. and Mrs. James W. Dodds; Francis M. Powers Jr., M.D.;
James E. Tempesta, M.D.; Lawrence Van Someren, Sr.;
Hugo C.A. Weber, Jr.; Edgar H. Williams; Brian Wilton
THE CAUSES OF THE
ECONOMIC CRISIS
AND OTHER ESSAYS BEFORE
AND AFTER THE GREAT DEPRESSION
LUDWIG VON MISES
Edited by Percy L. Greaves, Jr.
Ludwig von Mises
Institute
AUBURN, ALABAMA
On the Manipulation of Money and Credit © 1978 by Liberty Fund, Inc.
Reprinted by permission.
Originally published as On the Manipulation of Money and Credit in 1978 by Free Market Books.
Translated from the original German by Bettina Bien Greaves and