World History

"The typical ploy of preserving 'standards of quality' meant that competition was hobbled, production and imports limited, and prices kept high."

Haiti will remain mired in poverty so long as the majority retains their current hostility to open competition and commerce.

When the influx of silver and gold from the Spanish colonies in the New World dried up, little or nothing remained. But that was not all.

There are thousands of people around the world wishing to live in the average American household, where bread is just a fraction of one’s inc

"Soon the women who stood in the pallid queues before shops spoke more about their children's hunger than about the death of their husbands."

As the economic aspect of state absolutism, mercantilism was of necessity a system of state-building, of big government, of heavy royal expenditure

"I ought to exercise my talents for the benefit of others; but that exercise must be the fruit of my own conviction; no man must attempt to press me into the service."

Social cooperation among men — and this means the market — is what brings about civilization and it is what has brought about all the improvements in human conditions we are enjoying today.

While Montaigne paved the way for the dominance of absolutist thought in France, surely the founder or at least the locus classicus of 16th-century

The percolation of ideas is an endlessly fascinating topic, and Margit von Mises adds scores of detail that will enable her readers to track the penetration of Mises's philosophy to the most unlikely places.