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The Anti-capitalistic Mentality

Ludwig von Mises

Publication Year: 2012

In The Anti-capitalistic Mentality, the respected economist Ludwig von Mises plainly explains the causes of the irrational fear and hatred many intellectuals and others feel for capitalism. In five concise chapters, he traces the causation of the misunderstandings and resultant fears that cause resistance to economic development and social change. He enumerates and rebuts the economic arguments against and the psychological and social objections to economic freedom in the form of capitalism. Written during the heyday of twentieth-century socialism, this work provides the reader with lucid and compelling insights into human reactions to capitalism.Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian School of Economics throughout most of the twentieth century. He earned his doctorate in law and economics from the University of Vienna in 1906. In 1926, Mises founded the Austrian Institute for Business Cycle Research. From 1909 to 1934, he was an economist for the Vienna Chamber of Commerce. Before the Anschluss, in 1934 Mises left for Geneva, where he was a professor at the Graduate Institute of International Studies until 1940, when he emigrated to New York City. From 1948 to 1969, he was a visiting professor at New York University.Bettina Bien Greaves is a former resident scholar, trustee, and longtime staff member of the Foundation for Economic Education. She has written and lectured extensively on topics of free market economics. Her articles have appeared in such journals as Human Events, Reason, and The Freeman: Ideas on Liberty. A student of Mises, Greaves has become an expert on his work in particular and that of the Austrian School of economics in general. She has translated several Mises monographs, compiled an annotated bibliography of his work, and edited collections of papers by Mises and other members of the Austrian School.

Published by: Liberty Fund

Title Page, Copyright

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pp. v-vi


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pp. vii-viii

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pp. ix-x

Throughout most of the twentieth century Ludwig von Mises (1881- 1973) was the leading spokesman of the Austrian school, the subjective-value marginal-utility theory of economics. He was born in pre-World War I Austria-Hungary. During the interwar years, he taught at the University ...

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pp. xi-xi

The substitution of laissez-faire capitalism for the precapitalistic methods of economic management has multiplied population figures and raised in an unprecedented way the average standard of living. A nation is the more prosperous today the less it has tried to put obstacles in the ...

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1. The Social Characteristics of Capitalism and the Psychological Causes of Its Vilification

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pp. 1-20

The characteristic feature of modern capitalism is mass production of goods destined for consumption by the masses. The result is a tendency towards a continuous improvement in the average standard of living, a progressing enrichment of the many. Capitalism deproletarianizes the ...

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2. The Ordinary Man's Social Philosophy

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pp. 21-28

The emergence of economics as a new branch of knowledge was one of the most portentous events in the history of mankind. In paving the way for private capitalistic enterprise it transformecl within a few generations all human affairs more radically than the preceding ten thousand years ...

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3. Literature Under Capitalism

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pp. 29-43

Capitalism provides many with the opportunity to display initiative. While the rigidity of a status society enjoins on everybody the unvarying performance of routine and does not tolerate any deviation from traditional patterns of conduct, capital ism encourages the innovator. Profit is ...

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4. The Noneconomic Objections to Capitalism

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pp. 44-63

Critics level two charges against capitalism: First, they say, that the possession of a motor car, a television set and a refrigerator does not make a man happy. Secondly, they add, that there are still people who own none of these gadgets. Both propositions are correct, but they do not ...

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5. "Anticommunism" versus Capitalism

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pp. 64-67

In the universe there is never and nowhere stability and immobility. Change and transformation are essential features of life. Each state of affairs is transient; each age is an age of transition. In human life there is never calm and repose. Life is a process, not a perseverance in a ...


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pp. 69-72

Publication Information

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pp. 74-74

E-ISBN-13: 9781614878353
E-ISBN-10: 1614878358
Print-ISBN-13: 9780865976719

Page Count: 84
Publication Year: 2012

Edition: None

OCLC Number: 824698872
MUSE Marc Record: Download for The Anti-capitalistic Mentality

Research Areas


Subject Headings

  • Socialism -- United States.
  • Capitalism -- United States.
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