Liberalism In the Classical Tradition

Summary

"Liberalism In the Classical Tradition" is a seminal work written by Ludwig von Mises, an Austrian economist and philosopher. Originally published in 1927 as "Die Gemeinwirtschaft: Untersuchungen über den Sozialismus" (Socialism: An Economic and Sociological Analysis), it was later translated into English in 1962. The book provides a comprehensive defense of classical liberalism, focusing on the principles of individual liberty, free markets, and limited government. Ludwig von Mises argues against socialism and interventionism, emphasizing the importance of private property, voluntary exchange, and the market process. He explores the economic and moral foundations of classical liberalism and critiques alternative political and economic systems. Mises contends that individual freedom and property rights are essential for human flourishing and the prosperity of society.