A Critique of Interventionism.pdf

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ACRITIQUEOFINTERVENTIONISM
A CRITIQUE OF
INTERVENTIONISM
LUDWIG VON MISES
Kritik des Interventionismus: Untersuchungen zur Wirtschaftspolitik und
Wirtschaftsideologie der Gegenwart (Critique of interventionism: inquiries into
present day economic policy and ideology), (Jena: Gustav Fischer, 1929).
English translation of the 1976 German new edition translated by Hans
F. Sennholz. Revised English translation of the 1976 German new edition
translated by Hans F. Sennholz (Irvington-on-Hudson, N.Y.: Foundation for
Economic Education, 1996).
Originally published in 1929 as Kritik des Interventionismus and republished
in 1976 under the same title and incorporating the essay “Nationalization of
Credit?”
Copyright© 1929 and 1976 by Gustav Fischer Verlag. “Nationalization of
Credit?” first appeared in the Journal of National Economics , vol. I, 1930
(copyright© Springer-Verlag, Wien).
Translation copyright© 1977 by Margit von Mises
Copyright© 2011 by the Ludwig von Mises Institute and published under
the Creative Commons Attribution License 3.0.
Ludwig von Mises Institute
518 West Magnolia Avenue Auburn,
Alabama 36832 USA
mises.org
ISBN: 978-1-61016-195-4
CONTENTS
Foreword
. . . . . . . . . . . . . . . . . . . . . . . . . .
vii
Introduction . . . . . . . . . . . . . . . . . . . . . . . . .
ix
Preface
. . . . . . . . . . . . . . . . . . . . . . . . . . .
xi
Interventionism
1
1 Interventionism as an Economic System . . . . . . . . .
1
2 The Nature of Intervention
. . . . . . . . . . . . . . .
2
3 Restrictions of Production
. . . . . . . . . . . . . . .
5
4 Interference with Prices
. . . . . . . . . . . . . . . .
7
5 Destruction Resulting from Intervention . . . . . . . . .
12
6 The Doctrine of Interventionism
. . . . . . . . . . . .
16
7 The Historical and Practical Arguments for
Interventionism
. . . . . . . . . . . . . . . . . . . .
21
8 Recent Writings on the Problems of Interventionism
. . .
23
TheHamperedMarketEconomy
33
1 The Prevailing Doctrine of the Hampered Market Economy
33
2 The Thesis of Schmalenbach
. . . . . . . . . . . . . .
38
SocialLiberalism
43
1 Introduction . . . . . . . . . . . . . . . . . . . . . .
43
2 Socialism of the Chair
. . . . . . . . . . . . . . . . .
44
3 Liberalism and Social Liberalism
. . . . . . . . . . . .
49
4 Control or Economic Law?
. . . . . . . . . . . . . . .
53
5 The Methodenstreit
. . . . . . . . . . . . . . . . . .
56
6 The Economic Doctrines of Social Liberalism
. . . . . .
59
7 The Concept and Crisis of Social Policy
. . . . . . . . .
63
8 Max Weber and the Socialists of the Chair . . . . . . . .
66
9 The Failure of the Prevailing Ideology . . . . . . . . . .
68
Anti-Marxism
71
1 Marxism in German Science
. . . . . . . . . . . . . .
71
v

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