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Liberalism: The Classical Tradition: The Economist

This book delves into the origins and principles of classical liberalism, offering an in-depth analysis of its historical development and philosophical underpinnings. Written by The Economist, it provides a detailed examination of the key concepts and ideas that have shaped this political and economic ideology. more

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Ludwig von Mises
Ludwig von Mises

Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more

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“The law-abiding citizen by his labor serves both himself and his fellow man and thereby integrates himself peacefully into the social order. The robber, on the other hand, is intent, not on honest toil, but on the forcible appropriation of the fruits of others' labor.”

MenHandsLawOrderSocialHonestCitizensLaborFellowsFruitToilFellow ManAbidingIntegratingRobbersSocial OrderAppropriationLaw Abiding Citizen
Book:Liberalism: The Classical Tradition: The Economist
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“Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses if only the hated one might also come to harm. Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable.”

IfsKnowsWellsMightHateLossSituationEconomicBearsCircumstancesCapitalismPreparedHeavyHarmHatedResentmentEconomic Systems
Book:The free and prosperous commonwealth: an exposition of the ideas of classical liberalism
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“You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than you. If this be arrogance, as some of your critics observed, it is still the truth that had to said in the age of the Welfare State.”

IfsMenSaidStillsStatesAgeEffortConditionsPoliticianMassCriticsImprovementGrantedWelfareArroganceInferiorsBetter Than YouWelfare State
Author:Ludwig von Mises
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“Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.”

PeopleYoungPoliticalOrderSocialMoralMovementRevolutionMassTrainingFoundationSoldierFinishedRadicalPermanentIdleUnemploymentSocial OrderPolitical Movements
Book:Socialism - An Economic and Sociological Analysis: The Economist
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“As the liberal sees it, the task of the state consists solely and exclusively in guaranteeing the protection of life, health, liberty, and private property against violent attacks. Everything that goes beyond this is an evil. A government that, instead of fulfilling its task, sought to go so far as actually to infringe on personal security of life and health, freedom, and property would, of course, be altogether bad.”

StatesGovernmentCoursesEvilLibertySecurityTasksPropertyProtectionViolentFulfillingPrivate PropertyPersonal Security
Book:Liberalism: The Classical Tradition: The Economist
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“If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every historically determined institution. Then the fact that the British speak English - and not Danish, German, or French - is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.”

IfsFactsSpeakTermPleasurePlansObjectsCallingStandardsGoldInstitutionsBritishDeterminedOrthodoxApplicationCurrencyDogmaticRelicsSpeak EnglishSubstitutionDanishGold StandardBritonsEsperanto
Author:Ludwig von Mises
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