Money, Bank Credit, and Economic Cycles - The Ludwig von Mises ...

Preface to the Second English Editionxxxiiibeing published all over the world 3 may contribute to the theoreticaltraining of readers, to the intellectual rearmament ofnew generations, and eventually, to the sorely needed institutionalredesign of the entire monetary and financial system ofcurrent market economies. If this hope is fulfilled, I will notonly view the effort made as worthwhile, but will also deem ita great honor to have contributed, even in a very small way, tomovement in the right direction.Jesús Huerta de SotoMadridNovember 13, 20083 Since the appearance of the first English-language edition, the third andfourth Spanish editions have been published in 2006 and 2009. Moreover,Tatjana Danilova and Grigory Sapov have completed a Russian translation,which has been published as Dengi, Bankovskiy Kredit i Ekonomicheskie Tsikly(Moscow: Sotsium Publishing House, 2008). Three thousand copies havebeen printed initially, and I had the satisfaction of presenting the book October30, 2008 at the Higher School of Economics at Moscow State University.In addition, Professor Rosine Létinier has produced the French translation,which is now pending publication. Grzegorz Luczkiewicz hascompleted the Polish translation, and translation into the following languagesis at an advanced stage: German, Czech, Italian, Romanian, Dutch,Chinese, Japanese, and Arabic. God willing, may they soon be published.