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A Critique of Interventionism [Kindle Edition]

Ludwig von Mises , Margit von Mises , Hans F. Sennholz
4.5 out of 5 stars  See all reviews (4 customer reviews)

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Book Description

In the sequence of Mises's books concerning policy, this book followed Socialism, and 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

Editorial Reviews

Language Notes

Text: English, German (translation)

Product Details

  • File Size: 399 KB
  • Print Length: 140 pages
  • Page Numbers Source ISBN: 1610161955
  • Simultaneous Device Usage: Unlimited
  • Publisher: Ludwig von Mises Institute (February 3, 2012)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B0075ES862
  • Text-to-Speech: Enabled
  • X-Ray:
  • Lending: Enabled
  • Amazon Best Sellers Rank: #605,834 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

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2 of 2 people found the following review helpful
4.0 out of 5 stars Could have been written today April 9, 2011
Format:Paperback|Verified Purchase
Mises' book is a focus on two extremely important subject matters. There can only be socialism or capitalism, no mix of the both. The second point is that when the government intervenes, it usually gets screwed up. Mises' theories are well demonstrated in today's world and this book does a great job of dwelling on the subjects. Austrian economics tell us a lot about the world we live in today and anyone with interest in politics or economics will enjoy this book.
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2 of 2 people found the following review helpful
4.0 out of 5 stars Lessons from the Past December 11, 2009
Mises wrote his Critique of Interventionism to counter the ideology that underlied intervention in Europe during the 1920's. As such, some of the details of this book are of historical interest only. Intervention wrought havoc in Interwar European economies, and this dislocation served as an excuse for further government control.

However, the general principles behind Mises' critique are timeless, and actually quite relevant today. Now that we find ourselves in a situation where intervention has resulted in crisis, the need to debunk the ideologies behind recent intervention is great. This book is a great resource for thoughtful analysis of interventionism. Read it and learn.
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Ludwig Von Mises' economic thinking becomes increasingly relevant every day to understanding the direction of the US and EU economies and the US and EU governments. A Critique of Interventionism could have been written for Blair's Britain or Clinton's (or Bush's or Obama's) US. Von Mises explains with stark clarity why state intervention in the economy not only can not be successful, it is guaranteed to fail to achieve its own stated goals and to create fatal unintended consequences. The message is that there is no "third way" between free market capitalism and a socialist centrally planned economy. Interventionism is an attempt to follow the third way that can only fail. Any of Ludwig Von Mises books, read in the 21st Century, can provide useful insights into the futility of western-style state interventionism, crony capitalism and public unionism.
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5.0 out of 5 stars Austrian Economics June 9, 2009
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A good book for the person who is interested in learning about the Austrian Theory of Economics. It will show how Keynes' theory is flawed and that an active government in a country's trade cycle will do more harm than good.
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