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Nation, State, and Economy: Contributions to the Politics and History of Our Time (The Institute for Humane Studies Series in Economic Theory) Paperback – June 1, 1983

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Paperback, June 1, 1983
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--This text refers to the Hardcover edition.

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Text: English, German (translation) --This text refers to an out of print or unavailable edition of this title.

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Product Details

  • Series: The Institute for Humane Studies series in economic theory
  • Paperback: 231 pages
  • Publisher: New York University Press; 1st edition (June 1, 1983)
  • Language: English
  • ISBN-10: 0814796605
  • ISBN-13: 978-0814796603
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #8,395,996 in Books (See Top 100 in Books)

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14 of 14 people found the following review helpful By D. W. MacKenzie on April 3, 2008
Format: Paperback
Nation, State, and Economy is an early effort by Mises to do what he accomplished in his 1944 book Omnipotent Government. Mises wrote this book at the close of World War One in effort to explain why this war occurred. Mises explains some concepts that show up in his later work: capital accumulation bias, the nation as a speech community, the decline of liberal thought in Europe and the rise of socialist/nationalist beliefs.

One key element is missing: his calculation critique of socialism. Mises started down an intellectual path towards the calculation critique of socialism when he wrote The Theory of Money and Credit. It was in this earlier work that Mises began to see the significance of monetary calculation. Yet, Mises did not fully grasp the significance of money in capitalism when writing his 1919 book. Ironically, Mises came to recognize what was missing in Nation, State, and Economy just after it came out. In 1919 Mises wrote his article Economic Calculation in the Socialist Commonwealth. From then on economic calculation would be the central issue in his economic and historical analysis.

Nation, State, and Economy is important to those who are interested in the evolution of Austrian ideas. It also has some interesting history of the First World War (that is, interesting to those who want to understand history). As such, this book has a relatively narrow audience. But it is a well reasoned gem for the few who find such subject of interest.
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7 of 7 people found the following review helpful By Earth that Was on November 13, 2006
Format: Paperback
Ludwig Von Mises perhaps deserves the honourable title of "last of the 19th Century classical liberals". This is despite the fact that all his writings are works of the 20th century. This is not to say that he has been made obsolete or irrelevant, far from it, but his work has generally been unfashionable in the 20th century, even by those who would be considered his intellectual and political allies. In a sense Mises debates the issues on his own terms not by following or chasing the coat tails of others.

"Nation, State and Economy" was Mises' first book, published in 1919, it discusses the great war and in some ways anticipates the events to come. Despite the author's pedigree as a former Austrian treasury official and pioneer of the Austrian school of economics, this is really a book best pigeon holed as political sociology than economics per se. Originally written in German and, assuming a greater knowledge of German / Austrian history than I possess, I had to rely upon detail provided in the forward to help me through.

The book covers wide intellectual ground and has been compared to John Maynard Keynes' "Economic Consequences of The Peace", written about the same time with much of the same concerns, as it's most comparable peer.

Perhaps the section that most interested me, and it should be of interest to those, including modern liberals and social democrats, not normal Mises readers, was his discussion of the weakness of 19th century liberalism in Germany and Austria. Elsewhere in the west liberalism, nationalism and democratic reform marched side by side as brothers in arms. But what happened in Germany and Austria?

Peter Viereck has argued that in the Germanies, the idea of "volk" triumphed when and where liberalism and democracy was defeated.
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2 of 2 people found the following review helpful By George M. Bosh on February 25, 2013
Format: Paperback
Nation, State, and Economy by Ludwig von Mises is a companion work to Keynes’s Economics Consequences of the Peace. It was published a year after Austria’s defeat in World War I and for that reason important, especially in the context of two other books, Diplomacy by Henry Kissinger and Woodrow and Theodore by Judge Napolitano.
The Kissinger and Napolitano books focus on the operation of the Executive Branch through the Presidencies of Woodrow Wilson and Theodore Roosevelt -- Napolitano from a Constitutional perspective, and Kissinger from their seminal impact on foreign policy through three World Wars.
The First World War as a pivotal event in World History can’t be underestimated. “With the World War mankind got into a crisis with which nothing that happened before in history can be compared. There were great wars before; flourishing states were annihilated, whole people exterminated. All that can in no way be compared with what is now occurring before our eyes. In the world crisis whose beginning we are experiencing, all peoples of the world are involved. None can stand aside; none can say that its cause too will not be decided along with the others. If in ancient time the destructive will of the more powerful met its limits in the inadequacy of the means of destruction and in the possibility available to the conquered of escaping persecution by moving away, the progress in the techniques of war and transportation and communication makes it impossible to for the defeated to evade the execution of the victor’s sentence of annihilation.”
“…Imperialism has placed the tools of peace in the service of destruction. With modern means it would be easy to wipe out humanity at one blow.
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The author has always interested me. His work has offered me a lot as a libertarian. Over almost fifty years I have read some of his books but not enough. At a recent seminar I was inspired to start again and this book was mentioned. I was hoping for generalities but found more specifics on Germany and Austria ore WWI and during the war. It was written just after. It was worth reading but in the sense it iscworth eating your vegetables where others of his books were more like meat and potatoes. A new reader should start with other books
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