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Two Essays by Ludwig von Mises

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Tags Austrian Economics Overview

08/10/1991Ludwig von Mises

"Middle of the Road Leads to Socialism" and "Liberty and Property"

In "Liberty and Property," Mises demonstrates how poverty, starvation, disease, and serfdom dominated the pre-capitalist ages, and how the market brought liberation for the masses of men. Socialism, in contrast, embodies hatred for liberty and prosperity.

In "Middle-of-the-Road Policy," Mises lays out his theory that interventionism breeds on itself: one bad policy leads to another unless laissez-faire is restored and adhered to over time.

Contains an excellent forward by Thomas DiLorenzo.

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References

Mises Institute: 1991