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Has fruitfully worked on a post of the director of the Viennese chamber of commerce, and onTo which initiative the Austrian institute of an economic theory "has been created
op. cit. - it. It., Austrian
Institute of researches of a business cycle; about Institute the Prologue to a part 1 - see
But I should return to its first outstanding investment in an economic theory
[Theorie des Geldes und der Umlaufsmittel or Means Osterreichische Konjunkturforschungsinstitut. For me This first decade of our century when the book has been written, can
To seem for a long time a passing epoch of a peace life; and even in the Central Europe
The majority of people misled itself idea of the stability Civilisations. But events were developed how it has seen Acute, allocated with gift of a prediction the observer - professor Mizes.
Even it is represented to me that the first book was written with constant sensation
Hanging accident, in the conditions of all difficulties and alarms which press on
The young officer of a reserve during an epoch of a constant war cloud. I have mentioned it
Because, as it is represented to me, all books of professor Mizesa are got Doubt in that a civilisation which has made possible their writing, Will last long enough that them had time to publish. But despite this
The spirit of alarm accompanying their writing, distinguishes them the classical
Perfection, completeness of a form and content which result on mind The assumption of unperturbable calmness. The book the Monetary theory represents something much bigger, than simply
Monetary theory. Though its main purpose was to close that seemed during that time
The greatest defect in recognised then economic theory, it has made Also the investment in the basic problems of value and money. If its effect It has appeared faster, it, perhaps, could prevent many
Sufferings and destructions. But at that time level of understanding of questions of the monetary
Circulations was so low that on fast effect of so difficult book
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