PART IV

XI THE DELUSIONS OF WORLD PLANNING

1. The Term “Planning”

XII. PEACE SCHEMES

1. Armament Control

IT would be an illusion to assume that any nation today is prepared to abandon protectionism. As the ruling parties favor government interference with business and national planning, they cannot demolish the trade barriers erected by their own countries. Thus the incentives for war and conquest will not disappear. Every nation will have to be ready to repel aggression. War preparedness will be the only means of avoiding war. The old saying Si vis pacem para helium will be true again.

I

THE eighteenth-century liberals had full confidence in man’s perfectibility. All men, they held, are equal and endowed with the faculty of grasping the meaning of complicated inferences. They will therefore grasp the teachings of economics and social philosophy; they will realize that only within a free market economy can the rightly understood (i.e., the long-run) interests of all individuals and all groups of individuals be in complete harmony. They will carry into effect the liberal utopia.

A  |  B  |  C  |  D  |  E

F  |  G  |  H  |  I  |  J

K  |  L  |  M  |  N  |  O

P  |  Q  |  R  |  S  |  T

Aspects of the
Pathology of Money

Monetary Essays from Four Decades

MICHAEL A. HEILPERIN

Honorary Professor at The
Graduate Institute of International Studies

Published by Michael Joseph
for the Graduate Institute of International Studies, Geneva

Ludwig von Mises Institute
Auburn, Alabama
2007

First published in Great Britain by
MICHAEL JOSEPH LIMITED
26 Bloomsbury Street
London, W.C.I.
1968

© 1968 by Michael A. Heilperin

Set and printed in Great Britain by
Unwin Brothers Limited at the Gresham Press, Woking,
in Imprint type, ten-point leaded, and bound by
James Burn at Esher, Surrey

To those who at various times in my career gave me the pleasure and stimulation of being my students

‘I hope you’re a good hand at pinning and tying strings?’ Tweedledum remarked. ‘Every one of these things has got to go on, somehow or other.’

Alice said afterward she had never seen such a fuss made about anything in all her life . . . ‘Really they’ll be more like bundles of old clothes than anything else, by the time they’re ready!’ she said to herself.

THROUGH THE LOOKING-GLASS

The Graduate Institute of International Studies was established in 1927 by Professors William E. Rappard and Paul Mantoux. Although connected with the University of Geneva, it is an autonomous foundation administered by an Executive Council.