Wages, Prices, and Employment: Von Mises and the Progressives

There was a watershed in the history of economic ideas in the twentieth century, particularly ideas dealing with the relationships, in the aggregate, between money wage rates, price levels, and employment. This watershed occurred not quite a third of the way through the century and was derivative from the dramatic sequence of events known as the Great Depression.

Mises’s Review of Keynes’s End of Laissez-Faire

This is Mises’s 1927 review of J. M. Keynes, The End of Laissez-Faire, Ideas on the Unification of Private and Social Economy (Munich and Leipzig: Duncker and Humblot, 1926), 40 pages, translated for the first time here (by Joseph Stromberg). It originally appeared as Mises, “Das Ende des Laissez-Faire, Ideen zur Verbindung von Privat- und Gemeinwirtschaft”. Zeitschrift für die gesamte Staatswissenschaft. 82(1927) 190-91. A review of a lecture given by John M. Keynes in Berlin.