and magazines are frightened by the prospect of a boycott on the part of labor unions. They avoid open discussion of the issue and tacitly yield to the dictates of the union bosses. These “labor” leaders are much more touchy than were the imperial and absolutism, militarism and court life. Napoleon III himself and some of the other European monarchs enjoyed the play that made them ridiculous. In the Victorian Age,
In the boom period that ended in 1929, labor unions had succeeded in almost all countries in enforcing wage rates higher than peace. The industrial countries were haunted by the specter of revolution. But union leaders were intractable, and no statesman had the courage to challenge them When Great Britain, the United States, France, Switzerland, and some other European creditor countries devalued their currencies, they made a gift to their
of reformism that was all encompassing. Their work had long emphasized labor unions, thereby flouting doubts raised by Marx and his strictest disciples. Even so, theory” had been developed. Prominent among the latter group were the Eastern Europeans, who led Marxism’s ideological charge. I have encountered nearly all of the Marxian theorists in western and central Europe during the course of my life, and among them I’ve found but one man who rises
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.