Title Page, Copyright

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pp. v-vi

Contents

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pp. vii-viii

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Preface

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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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Introduction

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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 ...

Index

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pp. 69-72

Publication Information

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pp. 74-74