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.

Planned Chaos: Russia’s Aggressiveness (Part 5 of 11)

The German, Italian and Japanese nationalists justified their aggressive policies by their lack of Lebensraum. Their countries are comparatively overpopulated. They are poorly endowed by nature and depend on the import of foodstuffs and raw materials from abroad. They...

Planned Chaos: Socialism and Communism (Part 4 of 11)

In the terminology of Marx and Engels the words communism and socialism are synonymous. They are alternately applied without any distinction between them. The same was true for the practice of all Marxian groups and sects until 1917. The political parties of Marxism...

Planned Chaos: The Failure of Interventionism (Part 2 of 11)

NOTHING is more unpopular today than the free market economy, i.e., capitalism. Everything that is considered unsatisfactory in present-day conditions is charged to capitalism. The atheists make capitalism responsible for the survival of Christianity. But the papal...

Planned Chaos: Introduction (Part 1 of 11)

The characteristic mark of this age of dictators, wars and revolutions is its anticapitalistic bias. Most governments and political parties are eager to restrict the sphere of private initiative and free enterprise. It is an almost unchallenged dogma that capitalism...

The Alleged Absence of Depressions Under Totalitarian Management

Many socialist authors emphasize that the recurrence of economic crises and business depressions is a phenomenon inherent in the capitalist mode of production. On the other hand, they say, a socialist system is safe against this evil. As has already become obvious and...

Monetary Policy and the Return to Sound Money

Excerpted from Chapter 23, Part IV of Mises classic The Theory of Money and Credit (1912).The people of all countries agree that the present state of monetary affairs is unsatisfactory and that a change is highly desirable. However, ideas about the kind of reform...

The Freedom To Move as an International Problem

There are extensive tracts of land, comparable to those in Europe, which are sparsely settled. The United States of America and the British dominions of Canada, Australia, New Zealand, South Africa and so on, are less heavily populated, in comparison with their...

Politics & Ideas: The Battle Over Ideas (Lecture 6, Part 4 of 4)

In contrast, however, the interventionist ideas, the socialist ideas, the inflationist ideas of our time, have been concocted and formalized by writers and professors. And they are taught at colleges and universities. You may say: "Today's situation is much worse." I...

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