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Marxism Unmasked: From Delusion to Destruction

SEPTEMBER 09, 2009 by LUDWIG VON MISES

Filed Under : Austrian Economics, Liberty

This is a collection of nine lectures Mises gave in San Francisco in 1952, all of which deal with the ideas and consequences of Marxism. The first several explore Marxism’s view of history and conflict with Mises offering counter-arguments and alternative interpretations along the way. The chapter on the Industrial Revolution is particularly notable. The second half of the book deals with the real causes of economic evolution, namely capitalism. In addition to explaining how capitalism actually works, Mises tackles one major objection to capitalism – its supposed tendency to lead to business cycles and crisis. These lectures are an excellent overview of the problems of Marxism from a classical liberal perspective.

 

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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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