Interventionism : an economic analysis / Ludwig von Mises ; edited and with a foreword by Bettina Bien Greaves.

Format:

Book

Author/Creator:

Von Mises, Ludwig, 1881-1973.

Contributor:

Greaves, Bettina Bien.

Language:

English

Subjects (All):

Economic policy.

Central planning.

Physical Description:

1 online resource (129 p.)

Edition:

1st ed.

Place of Publication:

Indianapolis, Ind. : Liberty Fund, Inc., c2011.

Language Note:

English

Summary:

Interventionism provides Mises's analysis of the problems of government interference in business from the Austrian School perspective. Written in 1940, before the United States was officially involved in World War II, this book offers a rare insight into the war economies of Hitler's Germany and Mussolini's Italy. Mises criticizes the pre-World War II democratic governments for favoring socialism and interventionism over capitalist methods of production. Mises contends that government's economic role should be limited because of the negative political and social consequences of the economic policy of interventionism. Ludwig von Mises (1881-1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century. Bettina Bien Greaves is a former resident scholar and trustee of the Foundation for Economic Education and was a senior staff member at FEE from 1951 to 1999.

Contents:

Foreword

Author's preface

Introduction

The problem

Capitalism or market economy

The socialist economy

The capitalist state and the socialist state

The interventionist state

The plea for moral reform

Interference by restriction

The nature of restrictive measures

Costs and benefits of restrictive measures

The restrictive measure as a privilege

Restrictive measures as expenditures

Interference by price control

The alternative: statutory law versus economic law

The reaction of the market

Minimum wages and unemployment

The political consequences of unemployment

Inflation and credit expansion

Inflation

Credit expansion

Foreign exchange control

The flight of capital and the problem of "hot money"

Confiscation and subsidies

Confiscation

The procurement of funds for public expenditure

Unprofitable public works and subsidies

"Altruistic" entrepreneurship

Corporativism and syndicalism

Corporativism

Syndicalism

War economy

War and the market economy

Total war and war socialism

Market economy and national defense

The economic, social, and political consequences of interventionism

The economic consequences

Parliamentary government and interventionism

Freedom and the economic system

The great delusion

The source of Hitler's success

Conclusions

Reading references

Index.

Notes:

"Originally published in 1998 by Foundation for Economic Education, Inc."--T.p. verso.

Includes bibliographical references (p. [97]-98) and index.

ISBN:

0-86597-738-0

1-4619-3143-6

1-61487-891-9

OCLC:

849936840