Professional Edition: Contributions to the Politics and History of Our Time

The absence of state interference is essential to Mises's concept of a classical liberal economy. During World War I, Germany and its allies were overpowered by the Allied Powers in terms of population, economic production, and military might, and their defeat was inevitable. Mises believed that Germany should not seek revenge for the peace of Versailles; instead, it should adopt liberal ideas and a free-market economy by expanding the international division of labor, which would benefit all parties.

Mises wrote, "For us and for humanity, there is only one salvation: return to rationalistic liberalism." Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century.

Bettina Bien Greaves, a former resident scholar and trustee of the Foundation for Economic Education, was a senior staff member at FEE from 1951 to 1999. This title is available as an ebook for purchase on Amazon, Barnes and Noble, and iTunes.

In summary, the key points are: 1. The absence of state interference is essential to Mises's concept of a classical liberal economy. 2. During World War I, Germany and its allies were overpowered by the Allied Powers, and their defeat was inevitable. 3. Mises believed that Germany should adopt liberal ideas and a free-market economy, which would benefit all parties. 4. Mises wrote, "For us and for humanity, there is only one salvation: return to rationalistic liberalism." 5. Ludwig von Mises was the leading spokesman of the Austrian School of economics throughout most of the twentieth century. 6. Bettina Bien Greaves was a former resident scholar and trustee of the Foundation for Economic Education, and a senior staff member at FEE from 1951 to 1999. 7. This title is available as an ebook for purchase on Amazon, Barnes and Noble, and iTunes.

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