Interventionism: An Economic Analysis

Interventionism provides Mises’s analysis of the problems of government interference in business from the Austrian School perspective. Written in 1940, before the United States was officially involved in World War II, this book offers a rare insight into the war economies of Hitler’s Germany and Mussolini’s Italy.

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Mises criticizes the pre-World War II democratic governments for favoring socialism and interventionism over capitalist methods of production. Mises contends that government’s economic role should be limited because of the negative political and social consequences of the economic policy of interventionism.

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Citation

Interventionism: An Economic Analysis, Edited with a Foreword by Bettina Bien Greaves (Indianapolis: Liberty Fund, 2011).

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Ludwig von Mises (Author)

Ludwig von Mises (1881-1973) was the acknowledged leader of the Austrian School of economic thought, a prodigious originator in economic theory, and a prolific author. Mises’ writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy.

Friedrich August von Hayek (Author)

A student of Mises, Hayek would become a Nobel laureate and the standard-bearer for the Austrian school of economics.

Critical Responses

Liberty Classic

Liberty Classic Review

Walter Block

Decisive Blows

There is no small book that can take the place of Ludwig von Mises’ magisterial book, Human Action.2 However, if there were a contest for shorter publications that could substitute for it, his own book, Interventionism, would be high up on my list in this regard.

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Human Action: A Treatise on Economics, in 4 vols. (LF ed.)

Ludwig von Mises

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Mises presents economics—not as a study of material goods, services, and products—but as a study of human actions. He sees the science of human action, praxeology, as a science of reason and logic, which recognizes a regularity in the sequence and interrelationships among market phenomena. Mises…

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Socialism: An Economic and Sociological Analysis

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Mises' “Socialism” is the definitive refutation of nearly every type of socialism ever devised. Mises presents a wide-ranging analysis of society, comparing the results of socialist planning with those of free-market capitalism in all areas of life.

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