A Biography of Ludwig von Mises

A leading free-market Austrian economist, Ludwig von Mises was a pre-eminent developer of free-market analysis. In his most influential work, Human Action, Ludwig von Mises explored the meaning and workings of freedom. From his pondering on business cycles,marginal utility, free-market competition and enlightened self-interest, Mises concluded that a society functions best when government does little. Ludwig von Mises […]

Omnipotent Government: The Rise of the Total State and Total War

Preface In dealing with the problems of social and economic policies, the social sciences consider only one question: whether the measures suggested are really suited to bringing about the effects sought by their authors, or whether they result in a state of affairs which—from the viewpoint of their supporters —is even more undesirable than the previous state which it was […]

A Critique of Interventionism

FOREWORD My husband wrote the essays in this book in the early 1920s, more than fifty years ago. They were collected and published as an anthology in 1929 by Gustav Fischer, formerly in Jena, now in Stuttgart, under the title Kritik des Interventionismus. Although these articles deal with the economic problems of that day, the same problems are still […]

Bureaucracy

PREFACE THE main issue in present-day social and political conflicts is whether or not man should give away freedom, private initiative, and individual responsibility and surrender to the guardianship of a gigantic apparatus of compulsion and coercion, the socialist state. Should authoritarian totalitarianism be substituted for individualism and democracy? Should the citizen be transformed into a subject, a subordinate in an […]

The Peculiar and Unique Position of Economics

by Ludwig von Mises This article is excerpted from Human Action (1949), chapter 37, “The Nondescript Character of Economics.” The Singularity of Economics What assigns economics its peculiar and unique position in the orbit both of pure knowledge and of the practical utilization of knowledge is the fact that its particular theorems are not open […]