Ludwig von Mises (1881-1973) taught in Vienna and New York and served as a close adviser to the Foundation for Economic Education. He is considered the leading theorist of the Austrian School of the 20th century.
It was the great merit of Professor Friedrich von Hayek to have directed attention to the authoritarian character of the socialist schemes whether they are advocated by international or by nationalist socialists.
Socialized health insurance removes the motivation to choose health over illness, and thus spread pathology and sickness throughout the population. Mises saw it in 1922.
Bureaucratization means subjection of the young to the domination of the old.
In the summer of 1951, Mises, as he did every year, gave a series of lectures at the Foundation for Economic Education. Bettina Bien Greaves took word for word shorthand notes at those lectures and they are transcribed in this collection. The nine lectures included here cover the foundations of economics, the nature of economics, socialism, the achievements of capitalism, and three lectures devoted to monetary theory, inflation, and business cycles. Delivered just two years after the publication of Human Action, these lectures are Mises the teacher in his prime, making economics understandable for the interested citizen.
The lectures by Ludwig von Mises contained in Marxism Unmasked were delivered at the San Francisco Public Library, June 23–July 3, 1952, under the sponsorship of The Freeman magazine. They were taken down, word for word, in shorthand and transcribed by Mrs. Bettina Bien Greaves.
There are many socialists who have never come to grips in any way with the problems of economics.
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