Ludwig Von Mises

Ludwig Von Mises (1881-1973) was the 20th century's foremost economist. He was the author of Human Action, Socialism, and a dozen other works.

Foreign Investment: The Problem of Domestic Capital Accumulation (4 of 5)

What is lacking in order to make the developing countries as prosperous as the United States is only one thing: capital-and, of course, the freedom to employ it under the discipline of the market and not the discipline of the government.

The Myth of the Failure of Capitalism

The Myth of the Failure of Capitalism

The nearly universal opinion expressed these days is that the economic crisis of recent years marks the end of capitalism. Capitalism allegedly has failed, has proven itself incapable of solving economic problems, and so mankind has no alternative, if it is to survive, than to make the transition to a planned economy, to socialism.

Laissez Faire vs. Interventionism

Laissez Faire vs. Interventionism

In eighteenth-century France the saying laissez faire, laissez passer was the formula into which some of the champions of the cause of liberty compressed their program. Their aim was the establishment of the unhampered market society. In order to attain this end they...

The Central Role of Saving and Capital Goods

The Central Role of Saving and Capital Goods

As the popular philosophy of the common man sees it, human wealth and welfare are the products of the cooperation of two primordial factors: nature and human labor. All the things that enable man to live and to enjoy life are supplied either by nature or by work or by...

Planned Chaos: Nazism (Part 9 of 11)

Planned Chaos: Nazism (Part 9 of 11)

The philosophy of the Nazis, the German National Socialist Labor Party, is the purest and most consistent manifestation of the anticapitalistic and socialistic spirit of our age. Its essential ideas are not German or "Aryan" in origin, nor are they peculiar to...

Planned Chaos: Fascism (Part 8 of 11)

Planned Chaos: Fascism (Part 8 of 11)

When the war broke out in 1914, the Italian socialist party was divided as to the policy to be adopted. One group clung to the rigid principles of Marxism. This war, they maintained, is a war of the capitalists. It is not seemly for the proletarians to side with...

Planned Chaos: Trotsky’s Heresy (Part 6 of 11)

Planned Chaos: Trotsky’s Heresy (Part 6 of 11)

The dictatorial doctrine as accepted by the Russian Bolshevists, the Italian Fascists and the German Nazis tacitly implies that there cannot arise any disagreement with regard to the question who shall be the dictator. The mystical forces directing the course of...

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