History of the Austrian School of Economics

Ludwig was slow to allow Margit onto his hitherto solitary path. But on the other hand he was longing for the love of a true companion.

Increased capital in proportion to labor is the only means of producing more without the number of workers increasing.

The customary terminology misrepresents these things entirely. The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.

Real civilization is built on a foundation not of exploitation but of cooperation.

[N]o good can be employed for the function of a medium of exchange which at the very beginning of its use for this purpose did not have exchange value on account of other employments.

From Gene Epstein in Barron’s

We were now not only looking for an isolationist movement; we were looking for an anti-imperialist movement, a movement that zeroed in on the American Empire as the great threat to the peace…

Guido Hülsmann shows us in this monumental biography that a common view of Mises is mistaken.

Mises's radical views meant that he could never be a conventional conservative, though he was quite capable of alliance with rightwing governments to advance the cause of economic liberty.