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The monography "the Monetary theory and media of circulation". The second edition it left in
To Vienna in 1924, then it was republished in the processed kind in transfer on
English under the name "the Monetary theory and the credit"; the American edition
Was issued in 1953 that testifies, as for forty years of its idea not
Have lost significances.
Money, according to Mizesa, without being neither a production assets, nor a subject
Circulations. To a monetary theory of Mizes subsequently has come back, when to it after
The First World War it was necessary to attend to working out of anti-inflationary measures.
In the same premilitary years Mizes works and over the theory of cycles
Enterprise activity (business cycles).
- always tested bent for to a teaching, to an exposition of the sights not on
To paper only, and in live dialogue. And in this respect its life, appear,
Developed safely. At one time he taught economy, state
The right and management in the Viennese commercial female academy. In its 1913
Have invited to a professorial post in the Viennese University.
But scientific and teaching career was interrupted with the First World War. Three years
Artillery officer Ludwig has conducted a background of Mizes at the front, then served
The economist in the Ministry of Defence.
After disintegration of Austro-Hungarian empire Mizes continued work in Viennese
To the chamber of commerce which has become some kind of an economic staff of the government and
Parliamentary circles. As the economic adviser of the government in the beginning
The twentieth years Mizes followed a rigid anti-inflationary policy. To it in the considerable
Degrees Austria is obliged by that she has not worried so destructive
Hyperinflations as Germany, and much earlier it is already in 1922 -
Stabilised the currency.
But not inflation problems took first of all mind of Mizesa and not successes on
This field have made its world famous researcher. Russian revolution
1917, a short-term victory of communists in Bavaria and Hungary, lifting
Anticapitalist movement in other countries - all it has paid interests
- to ideology of a socialism. Since then the central place in works
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