Newly discovered and translated article by Ludwig von Mises about Eugen von Böhm-Bawerk on the tenth anniversary of his death.
Menger's was an analytical method that began with the smallest empirical phenomena and proceeded logically from there. He called this the "empirical method."
Frédéric Bastiat reminds us of the dangers to all sides of using military force as a means of securing resources or to bring freedom to foreign peoples.
On Keynes's book has been founded a new economic church, completely furnished with all the properties proper to a church, such as a revelation of its own, a rigid doctrine, a symbolic language, a propaganda, a priestcraft, and a demonology.
For a while the postwar ideological climate seemed to be the same as during the war: internationalism, statism, adulation of economic planning and the centralized state, were rampant everywhere.
Like many others, Mises anticipated the outbreak of World War I years in advance. Unlike many others, he dreaded it.
Out of false theories of employment, money, and interest, Keynes has distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money.
It was his melancholy good fortune to come upon the scene when the world went in for arms on an unprecedented scale and it was he who, more than any other man, developed the international market for arms.
In earlier days, the government employee was held to be a man who could not have made his way in the business world and was therefore tolerated with condescension.
