Interventionism. Людвиг фон Мизес

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      The cuneiform inscription that serves as our logo and as a design element in Liberty Fund books is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.

      Interventionism was written by Ludwig von Mises in 1940 and is here translated from the original German by Thomas Francis McManus and Heinrich Bund.

      Editorial additions and index © 1998, 2011 by Liberty Fund, Inc.

      Interventionism was originally published in 1998 by Foundation for Economic Education, Inc.

      Front cover photograph of Ludwig von Mises used by permission of the Ludwig von Mises Institute, Auburn, Alabama.

      This eBook edition published in 2013.

      eBook ISBNs:

      Kindle 978-1-61487-622-9

      E-PUB 978-1-61487-248-1

       www.libertyfund.org

CONTENTS

       Foreword

       Author’s Preface

       Introduction

       1 The Problem

       2 Capitalism or Market Economy

       3 The Socialist Economy

       4 The Capitalist State and the Socialist State

       5 The Interventionist State

       6 The Plea for Moral Reform

       I Interference by Restriction

       1 The Nature of Restrictive Measures

       2 Costs and Benefits of Restrictive Measures

       3 The Restrictive Measure as a Privilege

       4 Restrictive Measures as Expenditures

       II Interference by Price Control

       1 The Alternative: Statutory Law versus Economic Law

       2 The Reaction of the Market

       3 Minimum Wages and Unemployment

       4 The Political Consequences of Unemployment

       III Inflation and Credit Expansion

       1 Inflation

       2 Credit Expansion

       3 Foreign Exchange Control

       4 The Flight of Capital and the Problem of “Hot Money”

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