Socialism - An Economic and Sociological Analysis

The Economist

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Author: Ludwig von Mises

Publisher: VM eBooks

ISBN: N.A

Category: Business & Economics

Page: N.A

View: 6134

Socialism is the watchword and the catchword of our day. The socialist idea dominates the modem spirit. The masses approve of it. It expresses the thoughts and feelings of all; it has set its seal upon our time. When history comes to tell our story it will write above the chapter “The Epoch of Socialism.” As yet, it is true, Socialism has not created a society which can be said to represent its ideal. But for more than a generation the policies of civilized nations have been directed towards nothing less than a gradual realization of Socialism.17 In recent years the movement has grown noticeably in vigour and tenacity. Some nations have sought to achieve Socialism, in its fullest sense, at a single stroke. Before our eyes Russian Bolshevism has already accomplished something which, whatever we believe to be its significance, must by the very magnitude of its design be regarded as one of the most remarkable achievements known to world history. Elsewhere no one has yet achieved so much. But with other peoples only the inner contradictions of Socialism itself and the fact that it cannot be completely realized have frustrated socialist triumph. They also have gone as far as they could under the given circumstances. Opposition in principle to Socialism there is none. Today no influential party would dare openly to advocate Private Property in the Means of Production. The word “Capitalism” expresses, for our age, the sum of all evil. Even the opponents of Socialism are dominated by socialist ideas. In seeking to combat Socialism from the standpoint of their special class interest these opponents—the parties which particularly call themselves “bourgeois” or “peasant”—admit indirectly the validity of all the essentials of socialist thought. For if it is only possible to argue against the socialist programme that it endangers the particular interests of one part of humanity, one has really affirmed Socialism. If one complains that the system of economic and social organization which is based on private property in the means of production does not sufficiently consider the interests of the community, that it serves only the purposes of single strata, and that it limits productivity; and if therefore one demands with the supporters of the various “social-political” and “social-reform” movements, state interference in all fields of economic life, then one has fundamentally accepted the principle of the socialist programme. Or again, if one can only argue against socialism that the imperfections of human nature make its realization impossible, or that it is inexpedient under existing economic conditions to proceed at once to socialization, then one merely confesses that one has capitulated to socialist ideas. The nationalist, too, affirms socialism, and objects only to its Internationalism. He wishes to combine Socialism with the ideas of Imperialism and the struggle against foreign nations. He is a national, not an international socialist; but he, also, approves of the essential principles of Socialism.

Interventionism

An Economic Analysis

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Author: Ludwig Von Mises

Publisher: N.A

ISBN: 9780865977389

Category: Business & Economics

Page: 101

View: 3058

"Originally published in 1998 by Foundation for Economic Education, Inc."

Economic Freedom and Interventionism

An Anthology of Articles and Essays

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Author: Ludwig Von Mises

Publisher: N.A

ISBN: 9780865976733

Category: Social Science

Page: 289

View: 4250

Serves as a primer of the fundamental thought of Ludwig von Mises and an anthology of the writings of the best-known exponent of the Austrian School of economics. This volume contains forty-seven articles, and includes Mises's expositions of the role of government, his discussion of inequality of wealth, inflation, socialism, welfare, and more. This work serves as both a primer of the fundamental thought of Ludwig von Mises and an anthology of the writings of perhaps the best-known exponent of what is now known as the Austrian School of economics. This volume contains forty-seven articles edited by Mises scholar Bettina Bien Greaves. Among them are Mises's expositions of the role of government, his discussion of inequality of wealth, inflation, socialism, welfare, and economic education, as well as his exploration of the 'deeper' significance of economics as it affects seemingly non-economic relations between human beings. These papers are essential reading for students of economic freedom and the science of human action

Liberalism

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Author: N.A

Publisher: Ludwig von Mises Institute

ISBN: 1610164083

Category: Philosophy

Page: N.A

View: 9087

This is Mises's classic statement in defense of a free society, one of the last statements of the old liberal school and a text from which we can continue to learn. It has been the conscience of a global movement for liberty for 80 years. This edition, from the Mises Institute, features a new foreword by Thomas Woods. It first appeared in 1927, as a followup to both his devastating 1922 book showing that socialism would fail, and his 1926 book on interventionism. It was written to address the burning question: if not socialism, and if not fascism or interventionism, what form of social arrangements are most conducive to human flourishing? Mises's answer is summed up in the title, by which he meant classical liberalism. Mises did more than restate classical doctrine. He gave a thoroughly modern defense of freedom, one that corrected the errors of the old liberal school by rooting the idea of liberty in the institution of private property (a subject on which the classical school was sometimes unclear). Here is the grand contribution of this volume. "The program of liberalism, therefore, if condensed into a single word, would have to read: property, that is, private ownership of the means of production... All the other demands of liberalism result from this fundamental demand." But there are other insights too. He shows that political decentralization and secession are the best means to peace and political liberty. As for religion, he recommends the complete separation of church and state. On immigration, he favors the freedom of movement. On culture, he praised the political virtue of tolerance. On education: state involvement must end, and completely. He deals frankly with the nationalities problem, and provides a stirring defense of rationalism as the essential foundation of liberal political order. He discusses political strategy, and the relationship of liberalism to special-interest politics. In some ways, this is the most political of Mises's treatises, and also one of the most inspiring books ever written on the idea of liberty. It remains the book that can set the world on fire for freedom, which is probably why it has been translated into more than a dozen languages.

Planned Chaos

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Author: Ludwig Von Mises

Publisher: Ludwig von Mises Institute

ISBN: 1610163672

Category: Economic policy

Page: 90

View: 1031

Liberalism: The Classical Tradition

The Economist

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Author: Ludwig von Mises

Publisher: VM eBooks

ISBN: N.A

Category: Business & Economics

Page: N.A

View: 7132

The social order created by the philosophy of the Enlightenment assigned supremacy to the common man. In his capacity as a consumer, the “regular fellow” was called upon to determine ultimately what should be produced, in what quantity and of what quality, by whom, how, and where; in his capacity as a voter, he was sovereign in directing his nation’s policies. In the precapitalistic society those had been paramount who had the strength to beat their weaker fellows into submission. The much decried “mechanism” of the free market leaves only one way open to the acquisition of wealth, viz., to succeed in serving the consumers in the best possible and cheapest way. To this “democracy” of the market corresponds, in the sphere of the conduct of affairs of state, the system of representative government. The greatness of the period between the Napoleonic Wars and the first World War consisted precisely in the fact that the social ideal after the realization of which the most eminent men were striving was free trade in a peaceful world of free nations. It was an age of unprecedented improvement in the standard of living for a rapidly increasing population. It was the age of liberalism.

Profit and Loss

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Author: N.A

Publisher: Ludwig von Mises Institute

ISBN: 1610163567

Category: Profit

Page: 55

View: 8896

Bureaucracy

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Author: Ludwig Von Mises

Publisher: N.A

ISBN: 9780910884341

Category: Political Science

Page: 137

View: 4550

How The West Grew Rich

The Economic Transformation Of The Industrial World

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Author: Nathan Rosenberg,L. E., Jr. Birdzell

Publisher: Basic Books

ISBN: 9780786723485

Category: Business & Economics

Page: 416

View: 367

How did the West--Europe, Canada, and the United States--escape from immemorial poverty into sustained economic growth and material well-being when other societies remained trapped in an endless cycle of birth, hunger, hardship, and death? In this elegant synthesis of economic history, two scholars argue that it is the political pluralism and the flexibility of the West's institutions--not corporate organization and mass production technology--that explain its unparalleled wealth.

Planning for Freedom

Let the Market System Work : a Collection of Essays and Addresses

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Author: Ludwig Von Mises

Publisher: N.A

ISBN: 9780865976610

Category: Business & Economics

Page: 176

View: 4313

In this anthology, Mises offers an articulate and accessible introduction to and critique of two topics he considers especially important: inflation and government interventionism. According to Mises, inflation, that is monetary expansion, is destructive; it destroys savings and investment, which are the basis for production and prosperity. Government controls and economic planning never accomplish what their proponents intend. Mises consistently argues that the solution to government intervention is free markets and free enterprise, which call for reforming government. For that, ideas must be changed to "let the market system work.” There is no better "planning for freedom” than this. Ludwig von Mises (1881-1973) was the leading spokesman of the Austrian School of Economics throughout most of the twentieth century. He earned his doctorate in law and economics from the University of Vienna in 1906. In 1926, Mises founded the Austrian Institute for Business Cycle Research. From 1909 to 1934, he was an economist for the Vienna Chamber of Commerce. Before the Anschluss, in 1934 Mises left for Geneva, where he was a professor at the Graduate Institute of International Studies until 1940, when he emigrated to New York City. From 1948 to 1969, he was a visiting professor at New York University. Bettina Bien Greaves is a former resident scholar, trustee, and longtime staff member of the Foundation for Economic Education. She has written and lectured extensively on topics of free market economics. Her articles have appeared in such journals as Human Events, Reason, and The Freeman: Ideas on Liberty. A student of Mises, Greaves has become an expert on his work in particular and that of the Austrian School of economics in general. She has translated several Mises monographs, compiled an annotated bibliography of his work, and edited collections of papers by Mises and other members of the Austrian School.

The Austrian School of Economics

A History of Its Ideas, Ambassadors, and Institutions

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Author: Eugen-Maria Schulak,Herbert Unterköfler

Publisher: Ludwig von Mises Institute

ISBN: 1610164989

Category: Austrian school of economics

Page: 262

View: 4177

The Austrian School of Economics was founded by Carl Menger in Vienna during the last third of the nineteenth century. From that time until today, its vibrant teaching tradition has had a significant influence on the formation and further development of the modern social sciences and economics in Europe and the United States. Its research agenda was characterized by an astonishing multitude of diverse, and in some cases even contradictory, conclusions. All branches of the school shared the conviction that the subjective feelings and actions of the individual are those which drive economic activity. Based on this conviction, explanations for economic phenomena such as value, exchange, price, interest, and entrepreneurial profit were derived, and step by step expanded into a comprehensive theory of money and business cycles. Because of their subjectivist-individualistic approach, economists of the Austrian School regarded any kind of collective as unscientific in rationale. This led to fierce arguments with the Marxists, the German Historical School, and later with the promoters of planned economy and state interventionism. In the modern Austrian School of Economics, questions regarding knowledge, monetary theory, entrepreneurship, the market process, and spontaneous order placed themselves in the foreground. This book endeavors to trace the development of this multifaceted tradition, with all of its ideas, personalities, and institutions.

The Political Economy of International Reform and Reconstruction

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Author: Ludwig Von Mises

Publisher: N.A

ISBN: 9780865972704

Category: Business & Economics

Page: 271

View: 2319

When he fled Austria in 1934, Ludwig von Mises left behind a wealth of writings that, he supposed, were lost forever. Seized by the Nazi Gestapo, the papers were subsequently captured by the Soviet KGB and were archived in Moscow. Their discovery in 1996, by Professors Richard and Anna Ebeling of Hillsdale College, received widespread attention. In cooperation with Hillsdale College, Liberty Fund will make available these long-lost writings, many of which have not previously appeared in English, as part of a three-volume edition of selected writings by one of the unsurpassed economists of the twentieth century. In the first of the volumes to be published are contained separate previously unpublished works that Mises wrote from 1940 through 1944, when much of the world was at war. The papers include "Guiding Principles for the Reconstruction of Austria” (1940); "An Eastern Democratic Union: A Proposal for the Establishment of a Durable Peace in Eastern Europe” (1943); "Aspects of American Foreign Trade Policy” (1943); "Mexico’s Economic Problems” (1943); "The Main Issues in Present-Day Monetary Controversies” (1944); and, "A Non-Inflationary Proposal for Post-War Monetary Reconstruction” (1944). Richard Ebeling is Professor of Economics at Northwood University. He has served as the editor or co-editor for twenty other books, including The Age of Economists: From Adam Smith to Milton Friedman and Human Action: a 50-Year Tribute.

Collectivist Economic Planning

Critical Studies on the Possibilities of Socialism

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Author: Friedrich August Hayek,Enrico Barone,Nikolaas Gerard Pierson,Ludwig Von Mises

Publisher: Ludwig von Mises Institute

ISBN: 1610165136

Category: Collectivism

Page: 293

View: 9947

A Capitalist Manifesto

Understanding the Market Economy and Defending Liberty

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Author: Gary Wolfram

Publisher: N.A

ISBN: 9780965604079

Category: Business & Economics

Page: 152

View: 1589

"The socialist principles of the Communist Manifesto of 1848 have delivered oppression, poverty, and misery wherever they have been implemented. Yet remarkably, many of them endure in contemporary political discourse ... Gary Wolfram refutes these principles with a clear exposition of the capitalist system--the only economic system compatible with both social justice and individual liberty"--Page 4 of cover.

In Defense of Deflation

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Author: Philipp Bagus

Publisher: Springer

ISBN: 3319134280

Category: Business & Economics

Page: 215

View: 9342

This book analyses the causes and consequences of deflation. In contrast to the widespread belief that deflation would be harmful to the economy as a whole, the author argues that free market deflation is liberating and beneficial. Several myths of deflation are exposed and the reasons for the widespread deflation phobia that serves to justify expansionary monetary policy, i.e., inflation are investigated. Two historical case studies, the growth deflation in the US after the Civil War and the bank credit deflation in Germany during the Great Depression are discussed to illustrate the points made in the theoretical analysis of deflation.

The State

Its History and Development Viewed Sociologically

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Author: Franz Oppenheimer

Publisher: N.A

ISBN: N.A

Category: State, The

Page: 302

View: 9346