Wage Earners and Employers

Tags: Austrian Economics Overview, Production Theory, Money and Banks

05/10/1962 Ludwig von Mises

Recorded on 10 May 1962, and aired on 17 May 1962 during the intermission of the U.S. Steel Concert Hour. Mises had been asked to respond to the question: “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. The typical American worker is also a saver and investor.

This rare recording of Mises is made available through the generosity of Bettina Bien Greaves.

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