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The Anti-capitalistic Mentality (NONE)

The Anti-capitalistic Mentality (NONE) [Kindle Edition]

Ludwig von Mises
4.8 out of 5 stars  See all reviews (8 customer reviews)

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Product Description

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.

Product details

  • Format: Kindle Edition
  • File Size: 208 KB
  • Print Length: 84 pages
  • Publisher: Liberty Fund Inc. (2 Jan 2012)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B0078XFX6S
  • Text-to-Speech: Enabled
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  • Average Customer Review: 4.8 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Bestsellers Rank: #660,032 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most Helpful Customer Reviews
5.0 out of 5 stars Brilliant Defence of Captialism 11 Sep 2014
Format:Kindle Edition|Verified Purchase
This is a stunning, unapologetic defence of capitalism. Mises identifies, in my view correctly, the accumulation of private capital as the mechanism by which we have all become rich beyond the wildest dreams of our feudal forebears. He points out various reasons why capitalism is unpalatable to many bien pensants, but explains why this amounts to saying that capitalism is not as good as some sort of utopian society that in practice we can never enjoy.

I was particularly struck by how many of the arguments in this book echo passages in Michael Young's 'The Rise of the Meritocracy'. Young's book explains how a society in which one's status was fixed by one's ability to contribute would be psychologically intolerable. Mises' book explains that a society unlike that dooms us to poverty relative to what could be produced in a truly capitalist one.

Mises is ruthless in dismissing the idea of any kind of 'Third Way' or 'mixed economy' in which some of means of production may be collectively owned. I think in this he may have slightly overstated the case, but much less so than those who argue that or currently levels of public ownership and control doesn't cost very much in terms of lost production.

This is a short book, passionately argued by a true libertarian. Even if you don't think you will agree with anything in it, I urge you to read the book to understand the core ideas behind libertarianism.
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4.0 out of 5 stars Worth reading - but slightly polemic! 6 April 2013
Format:Kindle Edition|Verified Purchase
Not one of von Mises more objective essays but as always, frank, to the point and instructive. von Mises is analyses of political economies are well worth studying and shed more than a little light on the present state of western economies and the gross incompetence that has led us into them.
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35 of 45 people found the following review helpful
5.0 out of 5 stars Timeless classic 10 Sep 2006
This little classic is still relevant today although certain things have changed for the better since it was first published in 1956. Much of what has improved is due to the age of Thatcher and Reagan and technological advances, in particular the Internet. The book investigates the anti-capitalistic mentality from a psychological, sociological and economic perspective. Everything that Mises identified is still prevalent amongst that mindset today although the mental virus has mutated since the fall of the Berlin Wall and the collapse of the Soviet Empire.

The first part explains the features of capitalism with reference to the sovereign consumer and the process of economic improvement. It also exposes the roots of the hostility towards the free market from various quarters. For example, entrenched elites hate the merit principle. Mises also looks at the animosity on the part of intellectuals, white-collar workers and Hollywood/Broadway entertainers.

Part Two discusses capitalism as seen by the ordinary person, considering the influence of the intelligentsia and celebrities. Ignorance and the emotions of envy and the hatred are the driving forces behind the anti-capitalistic mentality. The erroneous idea that one person's gain must be another's loss is still very prevalent today. The market is often demonized for the results of state intervention against its unfettered operation. In other words, the critics do not understand cause and effect or they do but deliberately distort the facts.

Literature Under Capitalism is the title of the third section, in which Mises analyses success on the book market, the popularity of detective stories, the bigotry of the literati, plus social novels and plays.
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5.0 out of 5 stars Clear eyed survey 17 May 2014
By Tobin
Format:Paperback|Verified Purchase
Ludwig von Mises is certainly one of the greatest economists that ever lived. In this little booklet he goes beyond econimics and explores the reasons why, despite its obvious shortcomings and inhumane outcomes, socialism contiues to exude an irresistable appeal to so many people.

And I for one think he nails it.
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