The Theory of Money and Credit

While not aimed specifically at Mises, it provides a complete alternative framework for interest rates, money, and business cycles. It serves as the foundational theoretical rejection of Austrian explanations of depressions.

Friedman and Schwartz offer an empirical, data-driven approach that challenges Austrian cycle theory. They argue that depressions and inflations are caused primarily by central bank mismanagement, not credit-induced capital distortions.

A major influence on both Mises and Hayek; introduces the “natural rate of interest” concept that becomes central to Austrian business-cycle theory.

A foundational treatment of capital structure, time preference, and interest—all crucial for Mises’s later theory of credit, the natural rate of interest, and business cycles.

A shorter, more applied follow-up to his business-cycle theory, directly building on the credit and interest-rate analysis in the earlier book.

Shows the applied consequences of Mises’s monetary theory for inflation, central banking, and interventionism.

These essays elaborate on capital theory, interest rates, and the relationship between monetary phenomena and capital structure. This is essential because Mises’s money and credit theory works in tandem with capital and interest theory to explain macroeconomic phenomena

Hayek’s major development of Mises’s theory of credit expansion, capital distortion, and business cycles.

Fetter — and other early-moderate Austrians — show how these abstract theories became influential in different national and linguistic contexts, and how they interacted with competing economic ideas.

A comprehensive restatement of Misesian economics, including money, credit, interest rates, and business cycles, in exceptionally clear step-by-step logic.