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Wilhelm Ropke The Social Crisis of Our Time
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Wilhelm Röpke
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Wilhelm Röpke (1899-1966) was schooled in the tradition of the Austrians and made enormous contributions to the study of political institutions. His powerful anti-Keynesian writings in particular underscore what an outstanding economist he was and the extent to which he was influenced by Mises. Röpke defended sound money and free trade, and attacked welfare. He was a passionate advocate of laissez-faire.
The market economy as a field of liberty, spontaneity, and free coordination cannot thrive in a social system that is the very opposite.
Chapter VIII in "On Freedom and Free Enterprise," 1956.
We have a vivid memory of this process in the case of prohibition in America, and we know that legislation of this kind in the end becomes a poisonous source of corruption. Can anyone seriously believe that what did not succeed in the case of drink is likely to succeed in the case of inflation, that is, simply to forbid it?
References
University of Chicago Press, 1950