Mises’ socialist calculation argument reshaped the debate about socialism. It was not true that socialism could work and could use the same techniques as capitalism. The book Socialism had a decisive impact on Hayek and other rising economists.
This 1912 book is Mises’ first great theory. Mises agreed with Menger about the spontaneous emergence of money. No government is needed. Mises used a logical proof called the regression theory. It explained why money is demanded in its own right.
Carl Menger (b. 1840) dared to create something he called the Austrian School of Economics. His was a new way of doing economic analysis. He sided with Aristotle’s realism.
Why did Mises do certain things in response to certain events? This first full biography of Mises seeks to answer those many questions. In the first four chapters, Hulsmann covers Mises’ roots.
DiLorenzo's well-argued and forcefully written book shows that the struggle against the "Lincoln cult" is a vital part of the case for liberty.
Thomas DiLorenzo calls attention to a vital fact that demolishes the popular view that one of Lincoln's primary motives for opposing secession in 1861 was his distaste for slavery.
Finally, I must add that Sennholz has never been shy about insisting on the centrality of ethics in the study of economics. He has decried the welfare state as confiscatory and immoral. He has called inflation a form of theft. He has identified government intervention as coercion contrary to the true spirit of cooperation.
He who has lived well knows how to die well. Death holds no horrors for him. It is simply the ultimate adventure of life.
I hold him to have been one of our century's great intellectual figures, whose neglect by mainstream academicians is inexcusable.
So long as we are talking about founding documents, the one that really deserves more attention is the Declaration of Independence. Now here is an inspiring document that shows us where we should go in the future!
