only of abstract philosophic teaching and research, but also as a fountainhead of policy programs for social despotism. He himself tried three times unsuccessfully to of the polis over the individual led to their taking a dim view of economic innovation and entrepreneurship. The entrepreneur, the dynamic innovator, is after
with scientific problems, but with the glorification and justification of Prussian policies and Prussian authoritarian government. The German universities were state to gold redemption as a logical conclusion of the existing de facto policy of redeemability. In addition to running up against advocates of inflation, very short shrift. Even the Austrians turned a deaf ear to Mises’s brilliant innovations. By this time, Mises had been for years a devoted member of Eugen von
century in just about all circles concerned with the philosophical bases of public policy. ... In the past, unifying ideas tended to be religious in substance. There Procrustean ideal is “the uniting and justifying ideology of a rising class of policy advisors and public welfare professionals,” adding significantly that “these but absolute autocratic rule of its president, a lady who is highly intelligent, innovative, and, though employed full-time elsewhere, able and willing to devote an
government and industry, a cooperation in which Washington decided on broad policy, and then left it up to Judge Elbert Gary, head of the leading steel producer, United States Steel, to implement the policy within the industry. Gary selected a committee representing the largest steel positions, were in a large measure tradesmen. The determination of the policies of control within each branch of the food industry was made in conference
in reference to the fiscal action of the government and the entire course of policy therewith connected. For the greater the taxes and disbursements, the greater the one and the loss of the other, and vice versa; and consequently, the more the policy of the government is calculated to increase taxes and disbursements, the more to the more important offices, they are almost openly hostile to the spirit of the innovation, because it takes power away from them.” It was the top positions that the
in reference to the fiscal action of the government and the entire course of policy therewith connected. For the greater the taxes and disbursements, the greater the one and the loss of the other, and vice versa; and consequently, the more the policy of the government is calculated to increase taxes and disbursements, the more to the more important offices, they are almost openly hostile to the spirit of the innovation, because it takes power away from them.” It was the top positions that the
and philosophical reasoning necessary for a choice of rulers or political policies. Yet this political sphere of open demagogy is precisely the only one where egalitarians pause. Sometimes realization of the necessary consequences of their policies causes an abandonment, though more often a slowing down, of the egalitarian but rather simple, “selfish” capital investment and the search for technological innovations. Poverty has been tamed by the enterprise and the capital investment of
universal military conscription on the Prussian model. Leader in the new policy was Minister Jules Ferry. Ferry was the main champion of a new policy of aggressive imperialism and colonial conquest. Aggressions were carried on such only as are friendly to despotism. Fearing the unsettling effects of innovation, it allows nothing to be taught but what proceeds from itself. To the end
and prices, and also to be able to wield a militaristic and imperialist foreign policy to force open markets abroad and apply the sword of the State to protect industry achieved by Herbert Hoover and the Food Administration, the pro-union policy, the high taxes, and the draft were all hailed by the New Republic as an a single-minded reliance upon experts detached from the hurly-burly of democratic policy-making. The emphasis was upon efficiency — and democratic policymaking was
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.