By Ludwig von Mises
Ludwig von Mises (1881–1973) was the best spokesman of the Austrian university of Economics all through many of the 20th century. He earned his doctorate in legislations and economics from the college of Vienna in 1906. In 1926, Mises based the Austrian Institute for enterprise Cycle study. From 1909 to 1934, he was once an economist for the Vienna Chamber of trade. earlier than the Anschluss, in 1934 Mises left for Geneva, the place he was once a professor on the Graduate Institute of overseas experiences till 1940, while he emigrated to long island urban. From 1948 to 1969, he was once a traveling professor at manhattan University.
Bettina Bien Greaves is a former resident student, trustee, and longtime employees member of the basis for financial schooling. She has written and lectured widely on subject matters of loose marketplace economics. Her articles have seemed in such journals as Human occasions, Reason, and The Freeman: principles on Liberty. A pupil of Mises, Greaves has turn into knowledgeable on his paintings specifically and that of the Austrian institution of economics mostly. She has translated numerous Mises monographs, compiled an annotated bibliography of his paintings, and edited collections of papers by way of Mises and different participants of the Austrian School.
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Additional resources for The Anti-capitalistic Mentality
Nonetheless many people, and especially intellectuals, passionately loathe capitalism. As they see it, this ghastly mode of society’s economic organization has brought about nothing but mischief and misery. ” Now under capitalism the immense majority are starving paupers ruthlessly exploited by rugged individualists. For these scoundrels nothing counts but their moneyed interests. They do not produce good and really useful things, but only what will yield the highest profits. They poison bodies with alcoholic beverages and tobacco, and souls and minds with tabloids, lascivious books and silly moving pictures.
The professor despises the alumni who are more interested in the university’s football team than in its scholastic achievements. He feels insulted if he learns that the coach gets a higher salary than an eminent professor of philosophy. The men whose research has given rise to new methods of production hate the businessmen who are merely interested in the cash value of their research work. It is very significant that such a large number of American research physicists sympathize with socialism or communism.
What made himself fail was his honesty. He was too decent to resort to the base tricks to which his successful rivals owe their ascendancy. As conditions are under capitalism, a man is forced to choose between virtue and poverty on the one hand, and vice and riches on the other. He, himself, thank God, chose the former alternative and rejected the latter. This search for a scapegoat is an attitude of people living under the social order which treats everybody according to his contribution to the well-being of his fellow men and where thus everybody is the founder of his own fortune.
The Anti-capitalistic Mentality by Ludwig von Mises