Ludwig Von Mises

In 1920, Ludwig von Mises dropped a bombshell on the European economic world with his article called "Economic Calculation in the Socialist Commonwealth." It argued that socialism was impossible as an economic system. It set off two decades of debate, so by the time the essays appeared in English, in this very book here, in 1935, the debate was still raging. This volume edited by F. A. Hayek dug the knife into socialism's heart unlike any book to ever appear. It contains essays by Mises along with a foreword and afterword by Hayek. It also contains more commentary by N. G. Pierson, George Halm, and Enrico Barone. It is exceptionally well edited and beautifully argued, and has not been in print for many years. The contents are nothing short of prophetic. The so-called "Calculation Argument" has never been answered. It shows that without private property in capital goods, there can be no prices and hence no data available for cost accounting. Production becomes random at best, and completely irrational. Mises had convinced his generation and this book completely devastates the whole socialist apparatus from a theoretical point of view. No one interested in this debate can afford not to be well-versed in the contents of this book.

LARGE PRINT EDITION More at LargePrintLiberty.com. This collection of articles on the business cycle, money, and exchange rates by Ludwig von Mises appeared between 1919 and 1946. Here we have the evidence that the master economist foresaw and warned against the breakdown of the German mark, as well as the market crash of 1929 and the depression that followed. He presents his business cycle theory in its most elaborate form, applies it to the prevailing conditions, and discusses the policies that governments undertake that make recessions worse. He recommends a path for monetary reform that would eliminate business cycles as we have known them, and provide the basis for a sustainable prosperity.

LARGE PRINT EDITION More at LargePrintLiberty.com. These chapters were originally delivered as lectures in Argentina in 1958, at the University of Buenos Aires, and later written up in prose. Mises had urged Argentina to turn from dictatorship and socialism toward full liberty, so there is a special urgency behind the cool logic employed here. The book's continued popularity is due to its clarity of exposition on the ways in which economic policy affects everyone. It is a very good text for undergraduates studying economic policy, and for anyone who wants to gain a fundamental understanding of the interaction between market forces and government intervention.

LARGE PRINT EDITION More at LargePrintLiberty.com. This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not distinguish more or less valuable uses of social resources, and predicted the system would end in chaos. The result of his proof was the two-decade-long "socialist calculation" debate. This new edition contains an afterword by Joseph Salerno, who applies the calculation argument to contemporary problems like environmentalism and business regulation.

LARGE PRINT EDITION More at LargePrintLiberty.com. In this volume Mises provides in economic terms an explanation of the international conflicts that caused both world wars. Although written more than half a century ago, Mises's main theme still stands: government interference in the economy leads to conflicts and wars. According to Mises, the last and best hope for peace is liberalism-the philosophy of liberty, free markets, limited government, and democracy.

The Anti-Capitalistic Mentality is a book written by Ludwig Von Mises, a prominent economist and philosopher of the 20th century. In this work, Mises explores the psychological and ideological roots of the anti-capitalistic mindset that has become prevalent in modern society. He argues that this mentality is not based on rational economic analysis, but rather on a deep-seated emotional and intellectual bias against the free-market system. Mises begins by examining the historical development of anti-capitalistic thought, tracing its origins back to the Enlightenment and the rise of socialism and communism. He then goes on to analyze the various arguments put forward by critics of capitalism, such as the idea that it leads to inequality and exploitation, and shows how these arguments are based on faulty assumptions and flawed reasoning. Throughout the book, Mises emphasizes the importance of individual freedom and the role of the market in promoting economic prosperity and social progress. He argues that capitalism is not only the most efficient economic system, but also the most just and humane, as it allows individuals to pursue their own interests and achieve their own goals without coercion or interference from the state. Overall, The Anti-Capitalistic Mentality is a powerful and thought-provoking critique of the anti-capitalistic mindset that continues to shape public discourse and policy debates in the modern world. It is a must-read for anyone interested in understanding the economic and philosophical foundations of capitalism and its critics. This is a new release of the original 1956 edition. This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

""Epistemological Problems of Economics"" is a book written by renowned economist Ludwig Von Mises. The book delves into the philosophical and epistemological foundations of economics, examining the nature of economic knowledge and the methods used to acquire it. Mises argues that economics is a deductive science, based on a priori principles, rather than an empirical one that relies on observation and experimentation. He also explores the role of subjectivity and value judgments in economic analysis, and critiques the positivist and historicist approaches to economics. This book is a must-read for anyone interested in the philosophy of economics and the foundations of economic theory. This is a new release of the original 1960 edition. This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

""Profit and Loss"" is a seminal work by the Austrian economist Ludwig von Mises. Originally published in 1949, it explores the fundamental principles of economics and the role of profit and loss in a market economy. Mises argues that profit and loss are essential components of a functioning economy, providing the incentives necessary for entrepreneurs to allocate resources efficiently and create wealth. He also examines the impact of government intervention in the economy, arguing that it often distorts market signals and leads to inefficiencies. The book is a must-read for anyone interested in understanding the workings of a market economy and the importance of profit and loss in economic decision-making. This is a new release of the original 1951 edition. This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

Human Action: A Treatise on Economics is a comprehensive book written by Ludwig Von Mises, one of the most prominent economists of the 20th century. The book is considered to be one of the most important works in the field of economics, and it provides a thorough analysis of the principles of economics, including the role of human action, the market economy, and the importance of individual freedom. The book is divided into six parts, with each part focusing on a different aspect of economics. The first part of the book discusses the nature of human action and its importance in economics. The second part explores the market economy and the role of prices in allocating resources. The third part explores the concept of money and the role it plays in the economy. The fourth part of the book focuses on the theory of interventionism, which examines the impact of government intervention on the economy. The fifth part of the book explores the concept of socialism and the problems that arise when the government tries to control the economy. The final part of the book discusses the importance of individual freedom and the role of government in protecting it. Overall, Human Action: A Treatise on Economics is a thought-provoking and insightful book that provides a comprehensive analysis of economics. It is a must-read for anyone interested in understanding the principles of economics and the role of human action in the economy. This is a new release of the original 1949 edition. This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.