Ludwig von Mises Archives

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Wage Earners and Employers

Money and BanksAustrian Economics OverviewProduction Theory

"Are the interests of the American wage earners in conflict with those of their employers, or are the two in agreement?" The affluence of the rich in a capitalistic economy is not at the expense of the poor. Profits are plowed back into enterprise, benefiting the common man.
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The Economics of the Middle-of-the-Road Policy

Big GovernmentInterventionismPolitical Theory

Private enterprise systems improve human cooperation and further peace and prosperity. Economic systems with which governments intervene are called liberal , or middle of the road economics. They declare they are not socialist . They say they wish to preserve market systems. But, is that possible?...
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Recollections from the University of Vienna

EducationAustrian Economics OverviewOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory

The private seminars that Mises held, and which were so successful in Vienna beginning in 1919, were actually separate from the University. Mises here remembers many of his seminar participants, like Hayek, Haberler, Schutz, and Machlup. He was glad to have contributed to the development of...
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Liberty and Property

Austrian Economics OverviewPhilosophy and MethodologyPolitical TheoryPrivate Property

Liberty or freedom was generally restricted to a minority of elites while ordinary people were serfs or slaves during pre-capitalistic systems. The capitalist way to wealth was to serve the consumer with better and cheaper products and services. Private property of the factors of production was the...
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