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Marxism Unmasked: From Delusion to Destruction

SEPTEMBER 09, 2009 by LUDWIG VON MISES

This is a collection of nine lectures Mises gave in San Francisco in 1952, all of which deal with the ideas and consequences of Marxism. The first several explore Marxism’s view of history and conflict with Mises offering counter-arguments and alternative interpretations along the way. The chapter on the Industrial Revolution is particularly notable. The second half of the book deals with the real causes of economic evolution, namely capitalism. In addition to explaining how capitalism actually works, Mises tackles one major objection to capitalism – its supposed tendency to lead to business cycles and crisis. These lectures are an excellent overview of the problems of Marxism from a classical liberal perspective.

 

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Which Way Do You Lean on Economic Theory?

Whose approach do you find yourself taking more often, Mises's or Friedman's? Read both quotes and choose the one that aligns with your opinion of what makes for good economics.