War Socialism

Tags: Interventionism, Big Government, War and Foreign Policy

11/05/2026 Ludwig von Mises

War socialism was justified by pointing at the emergency. Mises answers that this is an argument only if the administered economy actually outproduces the free one, which was never shown. He is equally hard on the practical measures—the attempt to fight wartime price rises with penal measures was, he argues, simply a mistake.

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