Ludwig von Mises truly was an intellectual giant among men. He was perhaps the greatest economist of the twentieth century, and a tireless advocate for political liberalism and laissez-faire. Human Action, his magnum opus, stands among the truly great works of social science. But his work, based on the study of human action, transcends both economics and social theory. Mises's scholarship is more relevant than ever today. His clarity, wisdom, and brilliance are the product of a once-in-a-generation mind. Every intelligent person will benefit from introducing — or reacquainting — themselves with that mind through the curated writings contained in this volume. Mises is required reading for anyone who seeks to understand the critical questions of our time, or any time.
Each generation must learn anew from their predecessors the virtues of private property and the consequences of statism. Those ready to dive into deeper Misesian waters are encouraged to pick up The Mises Reader Unabridged which contains all of the material in The Mises Reader plus over 125 pages of additional material, primarily from his more scholarly works.
If you are interested in things economic, you can do no better than to turn to Ludwig von Mises.
First published in 1959, this is a line-by-line commentary and refutation of one of the most destructive, fallacious, and convoluted books of the century: John Maynard Keynes’s General Theory, published in 1936.
In economic science, Keynes changed everything. He supposedly demonstrated that prices don’t work, that private investment is unstable, that sound money is intolerable, and that government was needed to shore up the system and save it. It was simply astonishing how economists the world over put up with this, but it happened. He converted a whole generation in the late period of the Great Depression. By the 1950s, almost everyone was Keynesian.
However, Hazlitt, the nation’s economics teacher, would have none of it. And he did the hard work of actually going through the book to evaluate its logic according to Austrian-style logical reasoning.
“Hazlitt’s fine critique of Keynes is a worthy complement to Mises’ Human Action. Henry Hazlitt, a renowned economic journalist, is a better economist than a whole host of sterile academicians, and, in contrast to many of them, he is distinguished by courage: the courage to remain an “Austrian” in the teeth of the Keynesian holocaust, alongside Mises and F. A. Hayek. On its merits, this book should conquer the economics profession as rapidly as did Keynes. But whether the currently fashionable economists read and digest The Failure of the “New Economics” or not is, in the long run, immaterial: it will be read and it will destroy the Keynesian System.”—Murray Rothbard
While many of us felt the effects of the 2008 recession, it is also true that many of us couldn’t identify why we were hit with a recession in the first place. What role did the Federal Reserve and interest rates play? How did credit expansion and relaxed lending standards facilitate the problem? The discipline of monetary policy has been neglected by our educational system, and more than just one generation is without a basic knowledge of how money gets into the system.. The Great Betrayal presents a history of monetary policy in the United States, and it provides an account of how our monetary policy has evolved over the years. It also speaks to the ways in which our founding values and the Constitution are under threat from enemies of the free market, proposing a way forward for citizens and businesspersons interested in being successful. But even more, it prepares a new generation to face the threats of progressivism and ignorance with history, education, and economic literacy
The overriding objective of this text is to help students understand the economic context in which they play out their personal and professional lives, both in the United States and in the world. It seeks to overcome the indifference of non-economics majors at the college level.
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