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Melchior Palyi

Works Published inMises Daily Article

Melchior Palyi (1892–1970) was an American citizen of Hungarian descent — a distinguished, internationally recognized educator, author, economist, and financial expert. He taught in the Universities of Kiel, Goettingen, and Berlin. In 1928 he was appointed chief economist to the Deutsch Bank in Berlin. From 1931 to 1933 he served in the capacity of scientific advisor to the Reichsbank of Germany. In the United States, he taught at the Universities of Chicago, Wisconsin, and Northwestern. He acquired a national reputation as a scientific and popular writer, public lecturer, radio commentator and consulting economist.

All Works

Some Social Aspects of Medical Socialism

05/03/2010Mises Daily Articles
The 18th century proudly called itself the century of reason. The 19th boasted of being the century of progress. In the same fashion, the 20th deserves one of two titles: the century of Marxian totalitarianism or of Bismarckian social security.
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A Medical Proletariat

HealthInterventionismOther Schools of Thought

04/05/2010Mises Daily Articles
Wherever the doctor is being paid by the authorities and not by the patients, the outcome of compulsion is a set of fees that does not cover the investment in expensive instruments. This has an additional effect that could scarcely have been unintended: It forces the patient into governmentally...
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Origin and Rise of Compulsory Medicine

HealthWorld HistoryInterventionismOther Schools of Thought

03/31/2010Mises Daily Articles
"Governmentalizing, and thereby controlling through an appropriate bureaucratic apparatus, the providing of medical, accident, and old age care and of death (burial) benefits seemed an obvious way to put the reins on laissez-faire capitalism as well as on labor."
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An Inflation Primer

Money and BanksCapital and Interest TheoryMoney and Banking

Inflation concerns every citizen-worker, banker, creditor, debtor, politician and union leader. It is the "legalized robbery" by which wealth is distributed, false prosperity is prolonged and nations are ruined.
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Compulsory Medical Care and the Welfare State

Big GovernmentHealth

For more than ten years there has been under way a relentless drive to impose a Nationalized Medical Service on the American people. This would. represent a truly revolutionary innovation. Yet, until the publication of this book, there was not available either in Europe, America or anywhere, a...
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