Foreword by Margit von Mises
My husband wrote the essays in this book in the early 1920s, more than fifty years ago. They were collected and published as an anthology in 1929 by Gustav Fischer, formerly in Jena, now in Stuttgart, under the title Kritik des Interventionismus. Although these articles deal with the economic problems of that day, the same problems are still with us, perhaps in an even more serious and menacing way than ever.
Introduction by Hans F. Sennholz
We may grow in knowledge of truth, but its great principles are forever the same. The economic principles that Ludwig von Mises expounded in these six essays during the 1920s have endured the test of time, being as valid today as they were in the past. Surely, the names and places have changed, but the inescapable interdependence of market phenomena is the same today, during the 1970s, as it was during the 1920s, and as valid for present-day Americans as it was for the Germans of the Weimar Republic.
Interventionism
1. Interventionism as an Economic System
Ever since the Bolshevists abandoned their attempt to realize the socialist ideal of a social order all at once in Russia and, instead, adopted the New Economic Policy, or NEP, the whole world has had only one real system of economic policy: interventionism.1 Some of its followers and advocates are thinking of it as a temporary system that is to be replaced sooner
High Courage and Unusual Integrity
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Ludwig von Mises, when I met him, was exactly what you would have expected: a dignified, beautifully mannered gentleman from what Murray Rothbard called an older and better time. A genius, Mises was a great economist of the twentieth century, and a hero in his personal battles with Marxism, National Socialism, and Keynesianism.
Year-End Message
How the Fed Grows Government
We are told that elections are important, but the most powerful state institution, the central bank, is totally out of reach of the voter.
