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Mises, Ludwig von, Maxism and the Manipulation of Man (Auburn, Ala.: Mises Institute, 2019); online edition, November 18, 2019. It is an astonishing fact that a philosophy like Marxism, which attacks the whole social system, remained for many decades more or less unattacked and uncontested. Karl Marx was not very well known in his lifetime and

Like Hayek, Mises moved beyond economics in his later years to address questions regarding the foundation of all social science. But unlike Hayek’s attempts, Mises’s writings on these matters have received less attention than they deserve. Theory and History , writes Rothbard in his introduction, “remains by far the most neglected masterwork of

In 1958, the Mont Pelerin Society was entering a difficult period in which its intellectual lights were drifting away from liberalism of the old school. Ludwig von Mises used his speech that year to explain why this was a terrible trend. He didn’t rebuke anyone. What he did was back away from the events of the day to provide a sweeping

This is the essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory. When it first appeared in 1920, Mises was alone in challenging the socialists to explain how their pricing system would actually work in practice. Mises proved that socialism could not work because it could not

The fundamental dogma of all brands of socialism and communism is that the market economy or capitalism is a system that hurts the vital interests of the immense majority of people for the sole benefit of a small minority of rugged individualists. It condemns the masses to progressing impoverishment. It brings about misery, slavery, oppression,

In 1951, Mises gave an outstanding paper that made the summary case for the price system under capitalistic economic systems. In “Profit and Loss,” he explains how cost accounting is the critical institution that ferrets out social waste, ensures that resources are directed to their most highly valued ends, and how entrepreneurs respond to price

This might be Mises’s best-selling book. It is a very clear explanation of the basics of economic policy: private property, free trade, exchange, prices, interest, money and inflation, socialism, fascism, investment, and much more. As Mises discusses each topic, he addresses the many merits of market institutions and the dangers of intervention.

The masterpiece first appeared in German in 1940 and then disappeared, only to reappear in English in 1949. It was a sensation, the largest and most scientific defense of human freedom ever published. As is well known, Mises’s book is the best defense of capitalism ever written. It covers basic economics through the most advanced material. Reading

This new edition of Planned Chaos features a new introduction by Chris Westley of Jacksonville State University. The introduction brings this classic up to date — not that it has ever fallen out of date or ever will. The title comes from Mises’s description of the reality of central planning and socialism, whether of the national variety (Nazism)

Mises said it right here. In these pages we find the crushing critique of nearly all modern reform movements, summed up in his sweeping conclusion: The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call