Interventionism | Mises Institute

The capitalist variety of competition is to outdo other people on the market through offering better and cheaper goods. The bureaucratic variety consists in intrigues at the "courts" of those in power.

4.4. Unlimited Dependence on the Discretion of Government Bureaus

Tags: Interventionism, Big Government, The Entrepreneur, Taxes and Spending

05/02/1944 Ludwig von Mises

In the bureaucratic environment the entrepreneur must resort to two means: diplomacy and bribery.

4.2. Interference with the Height of Profit

Tags: Interventionism, Production Theory, The Entrepreneur, Taxes and Spending

05/02/1944 Ludwig von Mises

The virtue of the profit system is that it puts on improvements a premium high enough to act as an incentive to take high risks.

A Critique of Interventionism

Tags: Interventionism, Austrian Economics Overview, Prices, Private Property, Socialism, Capitalism, Economic Policy, Economic Freedom, Price Controls, Liberalism

Ludwig von Mises

Between capitalism and socialism, is there a stable middle way? In these six essays from the 1920s, translated by Hans F.

Mises U 2026

Tags: Philosophy and Methodology, Austrian Economics Overview, Subjectivism, Value and Exchange, Praxeology, Capital and Interest Theory, Production Theory, Monetary Theory, Money and Banking, Entrepreneurship, Calculation and Knowledge, Other Schools of Thought, Business Cycles, Monopoly and Competition, Interventionism, History of the Austrian School of Economics, Political Theory, Strategy, War and Foreign Policy, Health, Progressivism, Big Government, Cronyism and Corporatism, Media and Culture, Politics, The Police State, Bureaucracy and Regulation, World History, U.S. History, Central Banks, Inflation, Monetary Policy, Socialism, Education, Economic Policy, Libertarianism, Philosophy

Mises Institute

Mises University is the world’s leading instructional program in the Austrian school of economics.

Mises U 2025

Tags: Philosophy and Methodology, Austrian Economics Overview, Subjectivism, Value and Exchange, Praxeology, Capital and Interest Theory, Production Theory, Monetary Theory, Money and Banking, Entrepreneurship, Calculation and Knowledge, Other Schools of Thought, Business Cycles, Monopoly and Competition, Interventionism, History of the Austrian School of Economics, Political Theory, Strategy, War and Foreign Policy, Health, Progressivism, Big Government, Cronyism and Corporatism, Media and Culture, Politics, The Police State, Bureaucracy and Regulation, World History, U.S. History, Central Banks, Inflation, Monetary Policy, Socialism, Education, Economic Policy, Libertarianism, Philosophy

Mises Institute

Mises University is the world’s leading instructional program in the Austrian school of economics.

Mises U 2024

Tags: Philosophy and Methodology, Austrian Economics Overview, Subjectivism, Value and Exchange, Praxeology, Capital and Interest Theory, Production Theory, Monetary Theory, Money and Banking, Entrepreneurship, Calculation and Knowledge, Other Schools of Thought, Business Cycles, Monopoly and Competition, Interventionism, History of the Austrian School of Economics, Political Theory, Strategy, War and Foreign Policy, Health, Progressivism, Big Government, Cronyism and Corporatism, Media and Culture, Politics, The Police State, Bureaucracy and Regulation, World History, U.S. History, Central Banks, Inflation, Monetary Policy, Socialism, Education, Economic Policy, Libertarianism, Philosophy

Mises Institute

Mises University is the world’s leading instructional program in the Austrian school of economics.