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  • Ludwig von Mises Archives
April 24, 2012

Tags Other Schools of ThoughtPhilosophy and Methodology

Presented at the University of Houston in 1972.

Ron Paul alludes to this speech in his book End the Fed: "Mises, at the time, was elderly but sharp. His subject was socialism, and his lecture explained why socialism always fails due to the absence of a free market pricing structure for capital goods... The lecture was held in a modest-sized classroom, but the place was overflowing. Popularizing Austrian economics at the time was in its very early stages, but it was obvious even then that there was a starvation for truth in economics" (pp. 51-52).


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