Why Intervention Persists
Mises explains why government intervention fails yet continues on.
Mises explains why government intervention fails yet continues on.
After World War I, conservatism was transformed from an antiegalitarian, antistatist ideological force into a movement of culturally conservative statists: the right wing of the socialists and social democrats.
Environmental economics is steeped in standard neoclassical theories of efficiency and Pigouvian welfare economics. That's a problem.
So long as there are governments with stones ready to throw, there will be a need for someone to point out that destruction is never productive, never beneficial, and never a path to the good life that we all seek.
Laurence Vance explains that Mises's writings criticize both theism and atheism insofar as they are guilty of conflating economic fallacy and divine will.
Socialists once argued that socialism would best capitalism in terms of wealth creation. Now they don't say capitalism leads us to poverty but to too much wealth.
Carl Menger, from his classic treatise, on the origins of the means of payment.
Ignorant politicians who create no wealth can only impede great visionaries like Henry M. Galt from creating wealth with monetary chicanery, antitrust litigation, labor laws, and other regulatory measures.
Economic growth is not something that just happens. It requires saving. It requires investment and capital accumulation. And it requires the real market process.