The Online Library of Liberty

A project of Liberty Fund, Inc.

• Foreword
• Acknowledgments
• Economic Freedom and Interventionism
• Part I: Economic Freedom
• 1: The Economic Foundations of Freedom *
• 2: The Individual In Society *
• 3: The Elite Under Capitalism *
• 4: The Economic Role of Saving and Capital Goods *
• 5: Luxuries Into Necessities *
• 6: The Saver As a Voter *
• 7: The Market and the State *
• 8: The Outlook For Saving and Investment *
• 9: Inequality of Wealth and Incomes *
• Part II: Interventionism
• 10: The Why of Human Action *
• 11: Deception of Government Intervention *
• 12: The Agony of the Welfare State *
• 13: Wage Interference By Government *
• 14: Unemployment and the Height of Wage Rates *
• 15: Wage Earners and Employers *
• 16: Full Employment and Monetary Policy *
• 17: Gold Versus Paper *
• 18: Inflation and You *
• 19: Inflation *
• 20: Inflation: an Unworkable Fiscal Policy *
• 21: Socialism, Inflation, and the Thrifty Householder *
• 22: Inflation Must End In a Slump *
• 23: The Plight of Business Forecasting *
• Part III: Mises As Critic
• 24: Why Read Adam Smith Today? *
• 25: The Marxian Class Conflict Doctrine *
• 26: The Marxian Theory of Wage Rates *
• 27: The Soviet System’s Economic Failure *
• 28: On Some Atavistic Economic Ideas *
• 29: Capital and Interest: Eugen Von Böhm-bawerk and the Discriminating Reader *
• 30: The Symptomatic Keynes *
• 31: Professor Hutt On Keynesianism *
• 32: The Trade Cycle *
• 33: How Can Europe Survive? *
• 34: The Economic Point of View *
• 35: Liberty and Its Antithesis *
• 36: Man, Economy and State: a New Treatise On Economics *
• 37: Understanding the Dollar Crisis *
• 38: The Secret of American Prosperity *
• 39: A Dangerous Recommendation For High School Economics *
• 40: Foreign Spokesmen For Freedom *
• 41: Freedom Has Made a Comeback *
• Part IV: Economics and Ideas
• 42: The Objectives of Economic Education *
• 43: On Current Monetary Problems *
• 44: On the International Monetary Problem *
• 45: Small and Big Business *
• 46: Economics As a Bridge For Interhuman Understanding *
• 47: Economic Freedom In the Present-day World *

ACKNOWLEDGMENTS

Most of the articles in this collection were published during the years when I was attending Professor Ludwig von Mises’s graduate seminar at New York University. At that time I was trying to assemble all his writings for a bibliography of his works and Mises would always give me copies of any of his articles that appeared in journals I might not otherwise see. Thus Professor Mises deserves special thanks for making this collection possible.

Thanks are due, also, to Mrs. Mises, who approves of my resurrecting many of her late husband’s articles that might otherwise be forgotten.

Many of the articles in this collection were published first in The Freeman, the monthly journal of The Foundation for Economic Education. Others appeared in newspapers and magazines now defunct. However, special thanks must go to the several firms that are still publishing, who gave us permission to reprint Mises articles that appeared within their pages: The Commercial and Financial Chronicle, the Institute for Humane Studies, Liberty Fund (publisher of the reprinted New Individualist Review), National Review, New American (successor to American Opinion), New Guard (publication of the Young Americans for Freedom), and Regnery Gateway, Inc. Thanks go to The Foundation for Economic Education, of course, for their support of this project. Mary Ann Murphy did an excellent job of entering all these articles on the computer. I am grateful also for the helpful editorial advice of Beth Hoffman and the careful proofreading of Debra Anderson and Deane Brasfield.

Side-heads have been added to make for ease of reading. Also for the sake of clarity, a few sentences have been edited slightly. The Foundation’s style of punctuation and capitalization has been followed throughout.

In addition to being a profound and thoughtful economist, Mises had a remarkable understanding of history and a wealth of historical knowledge, as evidenced by his frequent references to historical personages and events. With the hope of helping future generations of students appreciate Mises’s contributions to economic understanding, the editor has added symboled footnotes to identify the more obscure individuals and historical events mentioned in this anthology.