UPDATE: See Robert Murphy’s Mises Daily Article on this class and its topic.

This course will tour Ludwig von Mises’ classic work, Theory of Money & Credit. Space constraints prevent us from covering the entire book. Instead we will focus on Mises’ two crucial achievements in the book: (1) His unification of “micro” and “macro” by successfully applying the modern subjective theory of value to money, and (2) his development of (what we now call) Austrian business cycle theory. The course will showcase not only Mises’ brilliance as a novel thinker, but also his excellent command of the literature and his selection of the best ideas from other schools.

Lectures

The video lectures are online.  Lectures will be Wednesday evenings, 6:30 – 8:00 pm Eastern Time. They will be recorded and made available for enrolled students to download.

Reading

All readings for the course will be free and available online.

Grades and Certificates

The final grade will depend on quizzes.  Taking the course for a grade is optional.  This course is worth 3 credits in our own internal system.  Feel free to ask your school to accept Mises Academy credits.  You will receive a digital Certificate of Completion for this course if you take it for a grade, and a Certificate of Participation if you take it on a paid-audit basis.

Refund Policy

If you drop the course during its first week (7 calendar days), you will receive a full refund, minus a $25 processing fee.  If you drop the course during its second week, you will receive a half refund.  No refunds will be granted following the second week.