Chapter 2: Liberal Economic Policy
The economic case for private property and the free market, including the impracticability of socialism, the failures of interventionism, and the problems of cartels, monopoly, and bureaucracy.
The economic case for private property and the free market, including the impracticability of socialism, the failures of interventionism, and the problems of cartels, monopoly, and bureaucracy.
The first principles of liberal politics—private property, freedom, peace, and equality before the law—with a critique of the doctrine of force, fascism, and the proper limits of government.
Mises defines liberalism as a program for material welfare grounded in reason, ties it to capitalism, and examines the psychological roots of antiliberal resentment.
Ludwig von Mises’s preface to the English edition: what classical liberalism is, why its program rests on private property, and how “liberal” came to mean nearly its opposite in America.
Tom Woods frames Ludwig von Mises's book around a single question—when the state may legitimately initiate force—and the classical liberal’s insistence on a very high threshold for it.
Bob walks through what Ludwig von Mises wrote about slavery in Human Action, arguing that the institution was not — as the 1619 Project claims — the foundation of American capitalism.
Murray Rothbard, like other Austrian economists, believed that the heavy use of mathematics in economic analysis damaged economic understanding instead of enhancing it. This wasn’t science, he said; it was “scientism.”
Government economic policies reflect abstract ideas of what agents wish reality were like. Praxeology is not beholden to abstract economic fantasies.
Government economic policies reflect abstract ideas of what agents wish reality were like. Praxeology is not beholden to abstract economic fantasies.
What inspires us about the life of Mises, writes Lew Rockwell, is not his victimhood but his triumph over evil.