By calling for the renunciation of the pursuit of special pursuits, it even calls for sacrifices, though, of course, only provisional ones, involving the giving up of a relatively small benefit so as to attain a larger one. But the events of special interests handle themselves only to part of society. To this half, for which alone they intend to work, they promise special advantages at the expense of the remainder of society.
Ludwig von Mises was the acknowledged leader of the Austrian college of financial thought, a prodigious originator in economic principle, and a prolific creator. Mises’s writings and lectures encompassed financial theory, historical past, epistemology, authorities, and political philosophy. His contributions to economic theory include necessary clarifications on the amount concept of cash, the speculation of the trade cycle, the combination of monetary concept with financial concept in general, and an indication that socialism must fail as a … Read More