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Interventionism: An Economic Analysis (Book/ Paperback)

Product Overview

In the sequence Mises's books concerning policy, this book followed Socialism, and was the first to present a new theory of interventionism.

In Mises's view, interventionism is an inherently unstable policy because it creates new dislocations that would seem to cry out for further interventions, which, in turn, do not solve the problem. The end of interventionism is socialism, a fate which can be logically avoided only by a sharp turn towards free markets.

Along with Socialism and the Liberalism, this book stands as a masterpiece of policy logic.

This volume's contents include:

Introduction (Hans F. Senholz)
Foreword (F.A. Hayek)

I. Interventionism
1. Interventionism as an Economic System
2. The Nature of Intervention
3. Restrictions of Production
4. Interference with Prices
5. Destruction Resulting from Intervention
6. The Doctrine of Interventionism
7. The Historical and Practical Arguments for Interventionism
8. Recent Writings on the Problems of Interventionism

II. The Hampered Market Economy
1. The Prevailing Doctrine of the Hampered Market Economy
2. The Thesis of Schmalenbach

III. Social Liberalism
1. Introduction
2. Socialism of the Chair
3. Liberalism and Social Liberalism
4. Control or Economic Law?
5. The Methodensteit
6. The Economic Doctrines of Social Liberalism
7. The Concept and Crisis of Social Policy
8. Max Weber and the Socialists of the Chair
9. The Failure of the Prevailing Ideology

IV. Anti-Marxism
1. Marxism in German Science
2. National (Anti-Marxian) Socialism
3. Sombart as Marxist and Anti-Marxist
4. Anti-Marxism and Science

V. Theory of Price Controls
1. Introduction
2. Price Controls
3. The Significance of the Thoery of Price Control for the Theory of Social Organization

VI. The Nationalization of Credit?
1. Private Interest and Public Interest
2. Bureaucratic Management or Profit Management of Banking?
3. The Danger of Overexpansion and Immobilization
4. Summation

This title is included in our set, Intermediate Readings with Ludwig von Mises.

About the Author(s)

Ludwig Heinrich Edler von Mises (1881-1973) was an Austrian economist, philosopher, and classical liberal who was a prominent figure in the Austrian School of economic thought. Fearing a Nazi take-over of Europe, Mises emigrated to New York in 1940. He published his magnum opus Human Action in 1949. Mises had a significant influence on the Libertarian movement that developed in the United States in the mid-20th century.