A new economic fallacy came of age in the course of the last prewar decade and threatens to play havoc with the future peace of the world. This fallacy consists in saying that a country’s national...
Michael A. Heilperin
Michael Heilperin was born in 1909 in Warsaw, Poland. He was a friend and colleague of Ludwig von Mises’s in Geneva, and his specialization was the international monetary system. He applied the Austrian theory of the business cycle along with his knowledge of the balance of payments to warn against the rise of monetary nationalism. See his literature archive.
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[Excerpted from chapter 3 of Studies in Economic Nationalism.] We now move to a period that, from the point of view of the present inquiry, is of particularly great importance. It extends over roughly...
[Excerpted from chapter 3 of Studies in Economic Nationalism.] Self-sufficiency — which is the prime objective of economic nationalism — enjoyed in theory and in practice considerable favor in ancient...
