The Decline and Fall of Gorbachev and the Soviet State

by Yuri N. Maltsev Yuri N. Maltsev, senior fellow of the Mises Institute, worked as an economist on Mikhail Gorbachev‘s economic reform team before emigrating to the United States in 1989. This is his 1992 introduction to Requiem for Marx. Lenin‘s slogan, “Marxism is Almighty Because It Is True,” was displayed practically everywhere in the former Soviet […]

A Biography of Joseph Alois Schumpeter

“ Can capitalism survive? No. I do not think it can.” Thus opens Schumpeter’s prologue to a section of his 1942 book, Capitalism, Socialism and Democracy. One might think, on the basis of the quote, that Schumpeter was a Marxist. But the analysis that led Schumpeter to his conclusion differed totally from Karl Marx’s. Marx believed that capitalism would be […]

Libertarians and Culture: A Challenge

How many libertarians would it take to save America? There is a tricky question.  I  have  no  idea  what  the answer  is, but  I  am sure  that it  is directly proportional to the quality of  person involved. If every individual who now considers himself a “libertarian” were possessed of the brains, dedication, and winning personality […]

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 […]