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javaguru
Banned
A 1945 article written by Mises...
The Revolt against Rationalism - Ludwig von Mises - Mises Daily
cliff notes...
"The most remarkable fact in the history of our age is the revolt against rationalism, economics, and utilitarian social philosophy; it is at the same time a revolt against freedom, democracy, and representative government. It is usual to distinguish within this movement a left wing and a right wing. The distinction is spurious. The proof is that it is impossible to classify in either of these groups the great leaders of the movement."
One of the objections raised against the liberal philosophy recommending a free-market society runs this way: "Mankind can never go back to any system of the past. Capitalism is done for because it was the social organization of the 19th century, an epoch that has passed away."
"However, what these would-be progressives are supporting is tantamount to a return to the social organization of the ages preceding the "industrial revolution." The various measures of economic nationalism are a replica of the policies of mercantilism. The jurisdictional conflicts between labor unions do not essentially differ from the struggles between medieval guilds and inns. Like the absolute princes of 17th- and 18th-century Europe, these moderns are aiming at a system under which the government undertakes the direction of all economic activities of its citizens. It is not consistent to exclude beforehand the return to the policies of Cobden and Bright if one does not find any fault in returning to the policies of Louis XIV and Colbert."
The Revolt against Rationalism - Ludwig von Mises - Mises Daily
cliff notes...
"The most remarkable fact in the history of our age is the revolt against rationalism, economics, and utilitarian social philosophy; it is at the same time a revolt against freedom, democracy, and representative government. It is usual to distinguish within this movement a left wing and a right wing. The distinction is spurious. The proof is that it is impossible to classify in either of these groups the great leaders of the movement."
One of the objections raised against the liberal philosophy recommending a free-market society runs this way: "Mankind can never go back to any system of the past. Capitalism is done for because it was the social organization of the 19th century, an epoch that has passed away."
"However, what these would-be progressives are supporting is tantamount to a return to the social organization of the ages preceding the "industrial revolution." The various measures of economic nationalism are a replica of the policies of mercantilism. The jurisdictional conflicts between labor unions do not essentially differ from the struggles between medieval guilds and inns. Like the absolute princes of 17th- and 18th-century Europe, these moderns are aiming at a system under which the government undertakes the direction of all economic activities of its citizens. It is not consistent to exclude beforehand the return to the policies of Cobden and Bright if one does not find any fault in returning to the policies of Louis XIV and Colbert."
