Chapter 1 of 29 · The Mises Reader Unabridged by Shawn Ritenour
Front Matter
The Mises Reader
Unabridged
Shawn Ritenour
Editor
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Mises Institute, founded in 1982, is a teaching and research center for the study of Austrian economics, libertarian and classical liberal political theory, and peaceful international relations. In support of the school of thought represented by Ludwig von Mises, Murray N. Rothbard, Henry Hazlitt, and F.A. Hayek, we publish books and journals, sponsor student and professional conferences, and provide online education. Mises.org is a vast resource of free material for anyone in the world interested in these ideas. For we seek a radical shift in the intellectual climate, away from statism and toward a private property order.
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Mises Institute
518 West Magnolia Ave.
Auburn, Ala. 36832
paperback edition: 978-1-61016-667-6
large print edition: 978-1-61016-668-3
epub: 978-1-61016-670-6
Contents
Epistemological Problems of Economics
1. The Basic Concept of Action and its Categorial Conditions
4. The Distinction Between Means and Ends: The “Irrational”
1. Purposeful Action and Animal Reaction
2. The Prerequisites of Human Action
Epistemological Problems of Economics
1. The Delimitation of the “Economic”
2. Preferring as the Basic Element in Human Conduct
3. Eudaemonism and the Theory of Value
1. Judgments of Value and Propositions of Existence
3. The Subjectivity of Valuation
4. The Logical and Syntactical Structure of Judgments of Value
1. The Temporal Character of Praxeology
4. The Temporal Relation Between Actions
5. Numerical Evaluation of Case Probability
Chapter 4: Society, Exchange, and the Division of Labor
1. Autistic Exchange and Interpersonal Exchange
2. Contractual Bonds and Hegemonic Bonds
2. The Division of Labour as the Principle of Social Development
5. The Development of the Division of Labour
6. Changes in the Individual in Society
8. Private Property and Social Evolution
4. The Ricardian Law of Association
Current Errors Concerning the Law of Association
5. The Effects of the Division of Labor
6. The Individual Within Society
Chapter 5: Capitalism: The Market Economy
Interventionism: An Economic Analysis
2. Capitalism or Market Economy
Chapter 6: Emergence of Indirect Exchange
The Epistemological Import of Carl Menger’s Theory of the Origin of Money
Chapter 7: Economic Calculation
Economic Calculation in the Socialist Commonwealth
2. The Nature of Economic Calculation
1. Monetary Calculation as a Method of Thinking
2. Economic Calculation and the Science of Human Action
Section A: “The Economic Nature of Profit and Loss”
1. The Emergence of Profit and Loss
2. The Distinction Between Profits and Other Proceeds
3. Non-Profit Conduct of Affairs
5. The Social Function of Profit and Loss
6. Profit and Loss in the Progressing and in the Retrogressing Economy
7. The Competition of Profit and Loss
Section B: “The Condemnation of Profit”
2. The Consequences of the Abolition of Profit
8. Entrepreneurial Profit and Loss
Chapter 9: The Nature of Money
The Theory of Money and Credit
1. The General Economic Conditions for the Use of Money
3. The “Secondary” Functions of Money
Money, Method, and the Market Process
“Senior’s Lectures on Monetary Problems”
“The Position of Money among Economic Goods”
1. Monetary Services and the Value of Money
2. Money Supply and Money Demand: The “Velocity of Circulation” of Money
3. Fluctuations in the Value of Money
Chapter 10: Monetary Theory and Policy
Selected Writings of Ludwig von Mises
“The Main Issues in Present-Day Monetary Controversies”
I. The Purchasing Power Controversy
B. Are Changes in the Purchasing Power of Money Measurable?
C. Is It Possible to Adjust Monetary Manipulation to a Nonarbitrary Standard?
D. The Case Against Flexible Foreign Exchange Parities
E. The Case for the Gold Standard
C. Austrian Theory of the Trade Cycle
D. The Socialists’ Rejection of Austrian Theory
E. Salvation Through Credit Manipulation
III. The Foreign Exchange Controversy
A. Purchasing Power Parity Theory
C. The Requirements of Foreign Exchange Stability
The Theory of Money and Credit
Chapter 7: The Concept of the Value of Money
1. Subjective and Objective Factors in the Theory of the Value of Money
2. The Objective Exchange Value of Money
Chapter 8: The Determinants of the Objective Exchange Value or Purchasing Power of Money
1. The Dependence of the Subjective Valuation of Money on the Existence of Objective Exchange Value
3. The Significance of Preexisting Prices in the Determination of Market Exchange Ratios
4. The Applicability of the Marginal-Utility Theory to Money
Money, Method, and the Money Process
Chapter 11: Time and Time Preference
1. Perspective in the Valuation of Time Periods
2. Time Preference as an Essential Requisite of Action
Some Applications of the Time-Preference Theory
Chapter 13: The Business Cycle
Interventionism: An Economic Analysis
The Causes of the Economic Crisis and Other Essays Before and After the Great Depression
“Monetary Stabilization and Cyclical Policy”
2. Early Effects of Credit Expansion
3. Inevitable Effects of Credit Expansion on Interest Rates
5. Malinvestment of Available Capital Goods
8. The Inevitable Crisis and Cycle
Chapter 14: Labor Productivity, Wages, and Unemployment
Planning for Freedom and Sixteen Other Essays and Addresses
“Wages, Unemployment and Inflation”
1. Wages Ultimately Paid By the Consumers
4. Credit Expansion No Substitute for Capital
5. Inflation Cannot Go On Endlessly
7. The Purchasing Power Argument
8. Wage Raises As Such Not Inflationary
9. The Dilemma of Present-Day Policies
10. Insincerity In The Fight Against Inflation
11. The Importance of Sound Monetary Policies
Chapter 15: The Hampered Market Economy
Planning for Freedom and Sixteen Other Essays and Addresses
“Middle-of-the-Road Policy Leads to Socialism”
2. Interventionism, Allegedly a Middle-of-the-Road Policy
4. How Price Control Leads to Socialism
5. The Zwangswirtschaft Type of Socialism
6. German and British Experience
11. The Trend Toward Socialism
13. The Coming of Socialism is Not Inevitable
1. The Futility of Price Control
Chapter 17: Keynes and Keynesianism
Planning for Freedom and Sixteen Other Essays and Addresses
“Stones into Bread, The Keynesian Miracle”
The Chimera of Contracyclical Policies
9. Entrepreneurial Profits and Losses in a Progressing Economy
Chapter 19: The Importance of Liberty
Money, Method, and The Market Process
“The Idea of Liberty Is Western”
Money, Method, and The Market Process
“Social Science and Natural Science”
The Ultimate Foundation of Economic Science
4. The Starting Point of Praxeological Thinking
Chapter 2. The Activistic Basis of Knowledge
5. The Two Branches of the Sciences of Human Action
6. The Logical Character of Praxeology
Chapter 4. Certainty and Uncertainty
1. The Problem of Quantitative Definiteness
9. The Examination of Praxeological Theorems
Chapter 7. The Epistemological Roots of Monism
4. The Case of the Sciences of Human Action
5. The Fallacies of Positivism
Chapter 8. Positivism and the Crisis of Western Civilization
1. The Misinterpretation of the Universe
2. The Misinterpretation of the Human Condition
Economic Freedom and Interventionism
“The Economist Eugen v. Böhm-Bawerk: on the Occasion of the Tenth Anniversary of His Death”
The Mises Reader Unabridged
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