Spanish mercantilism meant the Crown picked which industries flourished and which withered. This led to a multitude of malinvestments including booms for southern Spain and busts in the Low Countries.
«Celebremos la prodigiosa vida de Lu Mises, una vida en la que fusionó una visión suprema sobre cómo el mundo aborda la ley de la escasez, con el coraje moral de toda la vida».
"Let's celebrate the prodigious life of Lu Mises, a life in which he fused crowning insight on how the world tackles the law of scarcity, with lifelong moral courage."
Decade after decade, he fought militarism, protectionism, inflationism, every variety of socialism, and every policy of the interventionist state, writes Ralph Raico.
The Revolution had a radical libertarian impact on American society: in abolishing feudal land tenure, in establishing religious freedom, and in beginning the process of the abolition of slavery.
Los conceptos centrales de la economía austriaca contemporánea —la acción humana, los medios y los fines, el valor subjetivo, el análisis marginal, el individualismo metodológico— provienen de la obra pionera de Menger.
