This work serves as both a primer of the fundamental thought of Ludwig von Mises and an anthology of the writings of perhaps the best-known exponent of what is now known as the Austrian School of economics. This volume contains forty-seven articles edited by Mises scholar Bettina Bien Greaves. Among them are Mises's expositions of the role of government, his discussion of inequality of wealth, inflation, socialism, welfare, and economic education, as well as his exploration of the 'deeper' significance of economics as it affects seemingly non-economic relations between human beings. These papers are essential reading for students of economic freedom and the science of human action.

Table of Contents

The Economic Foundations of Freedom; The Individual in Society; The Elite Under Capitalism; The Economic Role of Saving and Capital Goods; Luxuries into Necessities; The Saver as a Voter; The Market and the State; The Outlook for Saving and Investment; Inequality of Wealth and Incomes; The Why of Human Action; Deception of Government Intervention; The Agony of the Welfare State; Wage Interference by Government; Unemployment and the Height of Wage Rates; Wage Earners and Employers; Full Employment and Monetary Policy; Gold versus Paper; Inflation and You; Inflation; Inflation: An Unworkable Fiscal Policy; Socialism, Inflation, and the Thrifty Householder; Inflation Must End in a Slump; The Plight of Business Forecasting; Why Read Adam Smith Today?; The Marxian Class Conflict Doctrine; The Marxian Theory of Wage Rates; The Soviet System's Economic Failure; On Some Atavistic Economic Ideas; Capital and Interest: Eugen von Bohm-Bawerk and the Discriminating Reactor; The Symptomatic Keynes; Professor Hutton on Keynesianism; The Trade Cycle; How Can Europe Survive?; The Economic Point of View; Liberty and Its Anti-thesis; Man, Economy and State: A New Treatise on Economics; Understanding the Dollar Crisis; The Secret of American Prosperity; A Dangerous Recommendation for High School Economics; Foreign Spokesmen for Freedom; Freedom Has Made a Comeback; The Objectives of Economic Education; On Current Monetary Problems; On the International Monetary Problem; Small and Big Business; Economics as a Bridge for Inter-human Understanding; Economic Freedom in the Present-Day World; Index.