Critique of Interventionism

This book, which followed Mises's Socialism, 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 toward free markets.

Along with Socialism and the Liberalism, this book stands as a masterpiece of policy logic. To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI.

The sequence of Mises's books concerning policy is significant, as this book followed his work on Socialism. The presentation of a new theory of interventionism in this book marks a crucial development in Mises's thought on economic policy.

Mises's perspective on interventionism is that it is a fundamentally flawed approach. By creating new problems that require further interventions, it sets in motion a cycle that ultimately leads to socialism, a conclusion that can only be avoided by a decisive shift towards free market policies.

The masterful policy logic displayed in this book, alongside Mises's other seminal works Socialism and Liberalism, cement its place as a landmark contribution to the field. Researchers and scholars interested in exploring Mises's ideas can utilize the Mises Institute's resources by searching for relevant titles using the LvMI keyword.

This book's significance lies in its pivotal role in Mises's evolving analysis of economic policymaking. By introducing a new theory of interventionism, it furthers his overarching critique of government interference in the market, and underscores his conviction that the only viable alternative is a steadfast commitment to free market principles.

The Mises Institute, as a renowned center for the study of Austrian economics, provides researchers with a valuable repository of Mises's works and related scholarship. By employing the LvMI keyword when searching, users can efficiently access the Institute's extensive collection of titles, including this seminal work on interventionism.

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