Ludwig Heinrich Edler von Mises (German pronunciation: [藞lu藧tv瑟莽 f蓴n 藞mi藧z蓹s]; September 29, 1881 鈥� October 10, 1973) was an Austrian economist, historian, philosopher, author, and classical liberal who had a significant influence on the Austrian government's economic policies in the first third of the 20th century, the Austrian School of Economics, and the modern free-market libertarian movement.
2021-05-02 Finished this yesterday. Some very cool parts to this book:
"I am not in favor of the market economy and against socialism because capitalists are very nice people. Some are; some are not. In that way they are no different from other people. I am for capitalism because it benefits mankind. I am not against socialism because socialists are bad people, but because it brings about a complete decline in everyone鈥檚 standard of living and destroys freedom. "
This sums up my attitude ever since I found out how powerfully positive free markets are at helping people out of poverty and to achieve their goals: "It is wonderful that Dr. Albert Schweitzer [1875鈥�1965] went to the center of Africa to work for the improvement of conditions. But Dr. Schweitzer has had only a very limited effect compared to the effects of capitalism which made possible the modern means of production that provided all the things necessary to maintain a hospital in the middle of Africa. If you want to help the millions in Asia and Africa, then what is needed is capitalistic methods of production and capitalistic ideas." p.100 Actually, Mises was off by orders of magnitude in how much capitalist methods and ideas have actually helped people in the last 30 some years - since it is in the BILLIONS, not millions now, when you consider what has happened in India and China in the last three decades.
"We must realize that every governmental measure that lowers the amount of profit successful enterprises can make or which taxes away their profits is a measure that weakens the influence of the consumers over producers." Sure wish there were more people who realized this and started speaking out about it, in light of the massive tax rate increases being proposed now and too often.
I found the lectures quite interesting and helpful, but not as well organized and logically tight as his books. So I am not sure I would recommend this short book as a great intro to Mises, but rather more for those who already know Mises' work and would like some good extra flavor, and style. But since it is a short book, and the title and various specific chapter/speech topics interest you - go for it. -------------- 2021-04-30 Bought this book shortly after it came out in 2006, but somehow could not make time to read it till now, even though it is rather short. Fascinating. Still have 1 chapter/speech to go. Will wait to review till I finish. But you might like to know that it is composed of 9 lectures that Mises delivered in San Francisco in 1952.
I probably started reading this since I just finished his "Theory and History," which also deals extensively with Marxism. That book is better organized, and much more thorough than this one, but there are some neat nuggets here that were not there, and also some good overlap.
"I am not in favor of the market economy and against socialism because capitalists are very nice people. Some are; some are not. In that way they are no different from other people. I am for capitalism because it benefits mankind. I am not against socialism because socialists are bad people, but because it brings about a complete decline in everyone鈥檚 standard of living and destroys freedom." Ludwig von Mises
This is a great critique of Marxism. It is the first critique that I have read that had any grasp of Marxism, and so could speak to it without unfounded judgments(I am sure that many would dispute this point). This is an economics lovers must read.
This book is a written account of various lectures Mises has given in critique to the Communist Manifesto. It's a dense read that required me to reread to fully grasp the ideas he was presenting.
O conte煤do do livro 茅 bom, mas, infelizmente, a tradu莽茫o e a edi莽茫o pecam. H谩 v谩rias frases sem sentido ou com sentido inverso por causa de falta de palavras ou palavras erradas.
Un peque帽o libro de 9 cap铆tulos. Son conferencias de Mises en los EEUU, en los a帽os 50. Fueron tomadas taquigr谩ficamente y publicadas en este volumen. 隆Sensacional resultado! La lectura es f谩cil, amena y clara. Tiene un tono menos formal que el de sus libros y en ocasiones parece estar uno escuch谩ndolo y no ley茅ndolo. Aunque hay algunas partes un tanto densas. 驴Quiere usted saber algo sobre el marxismo? Este es el libro. Lo explica, critica y muestra sus contradicciones. El que esa teor铆a a煤n siga teniendo partidarios es un misterio. La obra, tomada en general, es m谩s o menos como el libro que cualquiera deber铆a leer despu茅s de 芦Econom铆a en una lecci贸n禄 de H. Hazlitt. Explica adem谩s, las crisis econ贸micas y sus causas, las tasas de inter茅s, el mercado libre. Un verdadero tesoro y una lectura obligada.
A great book. Although Marx is a ridiculously lightweight intellectual and Marxism is such a slight intellectual & historical theory, the critiques of Mises still add something and are worth reading - even after all these years. The explanations and arguments regarding the function and intrinsic value of capitalism are also very worthwhile to read. The book comprises nine lectures Mises gave in 1952. The fact that they are still so readable, relevant, intellectual rigorous and valuable after seventy years is indicative of why Mises is a must read for anyone interested in economics today.
PROS The book is the transcription of a series of lectures given by Mises in 1952. It is a precise and straightforward exposition of a critique of Marxian economics. But, in addition, the main concepts of Austrian Economics, as trade cycle and capital theory, are presented in a didactic way. The text is full of ideas and suggestions for further exploration.
CONS A scholar edition is needed. As paraphrasing is not to quote, the source of some statements need clarification. As a lecture, Mises deviates from the main point sometimes.
"I want to stress again that capitalism, modern machine production, and so on, is not something material! The tools and machines are the material results attained by a certain spiritual mentality, by a certain ideology. Capitalism or modern conditions, modern standards of living, are not simply the outcome of technology. They are the outcomes of certain ideas about social organization and about the cooperation of men under the division of labor and private ownership of the means of production."
Such a short collection of words, yet so many highlights and notes made. Such an old collection of words from such a different time, yet it addresses our current situation with startling accuracy. Truth stands the test of time, and this short book was well worth the time spent reading, re-reading for better understanding, and looking up other texts for context and modern application.
Some excellent companion pieces that demonstrate the veracity of and the current need for Von Mises' capitalist philosophy:
A couple of other interesting pieces I read/ listened to concurrently:
And a couple of worthy late adds that contribute to the understanding of VonMises' words & their timeliness:
And this brings me full-circle. Capitalism is not just a group of evil fat cats taking care of themselves. It is not even "them" and "us." It is a primary component of conservative thought that values independence, critical thought, and personal responsibility. Capitalism elevates personal dignity where Marxism degrades & infantilizes the masses.
Back in the 50s Mises had developed a series of arguments against Marxism, in a moment where several nations were switching to socialism/communism type of government. It's sad that we had to see how Marx's theories destroyed nations along the years and keep doing its work these days. If we had listen to Mises properly.... Mises arguments vary from economic to cultural perspective, passing through all the contradictions that are constantly present in the left rhetoric. An ironic one was that Marx appended his Manifesto to include people like himself and Engels. I initially, the manifesto was intended to include only people from the working class, which Marx nor Engels were included. So they updated the manifesto to allow people like them to fit in the "independent intellectuals" class of communism.
"Marxism Unmasked: From Delusion to Destruction" is a collection of essays by the economist and political theorist Ludwig von Mises. In this book, Mises scrutinizes the intellectual foundations, historical context, and practical implications of Marxism, offering a compelling critique of its core tenets.
Mises begins by dissecting the philosophical underpinnings of Marxism, asserting that it is rooted in a flawed understanding of human nature and economics. He challenges the Marxist notion of historical determinism, arguing that history is shaped by the purposeful actions of individuals rather than predetermined economic forces. Mises contends that the Marxist view of class struggle and the inevitable transition to communism ignores the complexities of human action and the role of entrepreneurship.
One of the central themes of "Marxism Unmasked" is Mises' critique of the labor theory of value, a cornerstone of Marxist economic thought. Mises argues that value is subjective and cannot be determined solely by the amount of labor expended. He highlights the importance of consumer preferences and market dynamics in determining the value of goods and services, a perspective that fundamentally contradicts Marx's labor-centric approach.
The book also explores the historical context in which Marxism gained prominence, particularly in the aftermath of the Industrial Revolution. Mises acknowledges the genuine concerns about labor conditions during this period but disputes the Marxist solution of abolishing private property and instituting a centrally planned economy. He contends that such a system would lead to economic inefficiency, stagnation, and the erosion of individual freedoms.
Mises further critiques the Marxist vision of socialism, arguing that it fails to provide a viable alternative to the market economy. He asserts that without private ownership of the means of production and a price mechanism to allocate resources efficiently, socialist systems are prone to inefficiencies, shortages, and economic distortions.
A notable aspect of Mises' critique is his examination of the socialist calculation problem, which posits that a centrally planned economy lacks the necessary information and incentives to allocate resources efficiently. Mises argues that without market prices reflecting consumer preferences and production costs, planners cannot make rational economic decisions.
In the final chapters of the book, Mises explores the historical outcomes of attempts to implement Marxist ideas in various countries. He points to the economic failures and human suffering in Soviet Russia, Maoist China, and other socialist experiments as evidence of the impracticality and destructiveness of Marxist ideology in practice.
"Marxism Unmasked" serves as a powerful critique of Marxist theory, challenging its foundational principles on economic, philosophical, and historical grounds. Mises advocates for the superiority of the market economy and individual freedom, making a compelling case against the feasibility and desirability of Marxist socialism. The book remains a valuable resource for those seeking a comprehensive understanding of the flaws and consequences associated with Marxist ideology.
Professor Ludwig von Mises was a relentless, reasoned, articulate critic of socialism. von Mises delivered nine lectures exposing Marxism's flaws to an American audience in San Francisco in 1952. All that we've learned about Marxist/socialist economic practices since then has vindicated von Mises criticisms. The lectures were designed to build upon the previous. Great source for anyone seeking to further ones understanding of socialism's destructive impact everywhere it has been imposed.
Las conferencias dictadas por Von Mises en San Francisco en los a帽os 50s recogidas por este libre constituyen una desarticulaci贸n punto por punto de las falacias del comunismo, as铆 como las propias y constantes contradicciones de Karl Marx. Asimismo, son un argumento en defensa de la superioridad del libre mercado como mecanismo de desarrollo y prosperidad.
Excellent little book. It's actually a series of lectures. Mises is an incredible teacher with a vast knowledge of history. He turns a lot of ideas on their heads quite unexpectedly. It's great stuff.
Muito interessante no tocante ao aspecto econ么mico (obviamente), mas, quando o coment谩rio al莽a voos mais filos贸ficos e pol铆ticos, percebi umas derrapadas. Apesar disso, muito instrutivo