For fourteen years, from 1920 to 1934, Ludwig von Mises held a seminar in his office at the Vienna Chamber of Commerce. He wasn’t a salaried professor. The University of Vienna let him lecture without pay, and his living came […]
1. Planning as a Synonym for Socialism The term ‘planning’ is mostly used as a synonym for socialism, communism, and authoritarian and totalitarian economic management. Sometimes only the German pattern of socialism — Zwangswirtschaft — is called planning, while the term socialism proper is reserved for the Russian pattern of outright socialization and bureaucratic operation […]
Social Liberty