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A student of Mises, [[F.A. Hayek]], won the [[Nobel Prize]] in economics in 1974 for elaborating on Mises' business cycle theory.
A student of Mises, [[F.A. Hayek]], won the [[Nobel Prize]] in economics in 1974 for elaborating on Mises' business cycle theory.
<blockquote>
Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too. [http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php%3Ftitle=1887&chapter=109644&layout=html&Itemid=27]
</blockquote>
==Books by Ludwig von Mises==
==Books by Ludwig von Mises==