Mises Daily
Author:
Ludwig von Mises
Online Publish Date:
expansion. In order to deal adequately with this fundamental problem of economic policy they considered it necessary to construct a notion of real capital and to if only men had been more moral or more skillful in the choice of economic policies. All such lucubrations have one feature in common. They look upon capitalism without being restrained by privileges granted to those whose vested interests the innovation hurts. What a newcomer who wants to defy the vested interests of the old