Philosophy and Methodology

His likeable wife Eleanor helped spread the gospel that underpinned the New Deal: that living off the toil of others is perfectly acceptable and moral. Most Americans, not even a century removed from fighting a Civil War supposedly to end such an inhuman practice, agreed.

Various Democratic politicians, including Diane Feinstein

The act of getting fired underscores the existence of the freedom of association, which is the key to social peace and a foundation of a growing economy. Do your part and take it well.

Mises was in his prime from 1920-1934 while he was 39-53 years old. Three main areas in these years were certain people, his intellectual contributions, and other work.

Mises’ socialist calculation argument reshaped the debate about socialism. It was not true that socialism could work and could use the same techniques as capitalism. The book Socialism had a decisive impact on Hayek and other rising economists.

Carl Menger (b. 1840) dared to create something he called the Austrian School of Economics. His was a new way of doing economic analysis. He sided with Aristotle’s realism.

This 1912 book is Mises’ first great theory. Mises agreed with Menger about the spontaneous emergence of money. No government is needed. Mises used a logical proof called the regression theory. It explained why money is demanded in its own right.

With its title of

When we discovered a solid stash of this book, the excitement in our offices was palpable.