<P>Ludwig Von Mises's 1912 contribution to the theory of monetary policy and the current prevailing consensus in modern economic liberalism, <EM>The Theory of Money and Credit</EM>, was a milestone achievement. The author's familiarity with the historical literature on banking and credit allows him to present a coherent theoretical structure that links private exchange between individuals, business and banks to condition the markets affecting money and credit. Through its wider influence on liberal thinkers and politicians, <EM>the Theory of Money and Credit</EM> has become a classic reference for those seeking to understand the advance of economic liberalism since the 20th century.</P>