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hiphop-elements.com • View topic - Ludwig von Mises

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 Post subject: Ludwig von Mises
PostPosted: 10/09/08 09:54:49 PM 
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quote from Mises:

"The usual terminology of political language is stupid. What is 'left' and what is 'right'? Why should Hitler be 'right' and Stalin, his temporary friend, be 'left'? Who is 'reactionary' and who is 'progressive'? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended. Nothing should find acceptance just because it is new, radical, and fashionable. 'Orthodoxy' is not an evil if the doctrine on which the 'orthodox' stand is sound. Who is anti-labor, those who want to lower labor to the Russian level, or those who want for labor the capitalistic standard of the United States? Who is 'nationalist,' those who want to bring their nation under the heel of the Nazis, or those who want to preserve its independence?"

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 Post subject: Re: Ludwig von Mises
PostPosted: 10/10/08 02:00:09 AM 
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WhiteMike wrote:
quote from Mises:

"The usual terminology of political language is stupid. What is 'left' and what is 'right'? Why should Hitler be 'right' and Stalin, his temporary friend, be 'left'? Who is 'reactionary' and who is 'progressive'? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended. Nothing should find acceptance just because it is new, radical, and fashionable. 'Orthodoxy' is not an evil if the doctrine on which the 'orthodox' stand is sound. Who is anti-labor, those who want to lower labor to the Russian level, or those who want for labor the capitalistic standard of the United States? Who is 'nationalist,' those who want to bring their nation under the heel of the Nazis, or those who want to preserve its independence?"


That's actually pretty good. What book is that from?

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 Post subject: Re: Ludwig von Mises
PostPosted: 10/11/08 08:06:27 PM 
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In all honesty...as im just starting to learn about him..

I found this quote on Wikipedia, it says that its an excerpt from "Interventionism, An Economic Analysis ." Im not sure if it is a work by him, but it does not say otherwise.

Apparently, he was supposed to be one of the most brilliant economists in the whole world.

Very interesting... apparently Ron Pauls (sorry I have to mention his name again... since I over mention him..) economic plan was based off of Mises philosophies and understanding..)

this is pulled from Wiki again, and discusses the generalized overview his philosophy:

"the differences between government controlled economies and free trade.

Mises argued that money is demanded for its usefulness in purchasing other goods, rather than for its own sake and that any unsound credit expansion causes business cycles. His other notable contribution was his argument that socialism must fail economically because of the economic calculation problem – the impossibility of a socialist government being able to make the economic calculations required to organize a complex economy. Mises projected that without a market economy there would be no functional price system, which he held essential for achieving rational allocation of capital goods to their most productive uses. Socialism would fail as demand cannot be known without prices, according to Von Mises. Mises' criticism of socialist paths of economic development is well-known."

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