upswings followed by inevitable economic downturns. Mises believed that the market economy was the only system that provided freedom and personal choice to all members of society while generating the means for coordinating the actions of billions of people in the most economically rational manner, and that monetary manipulation by central banks was one of the most disruptive distortions to the process of economic calculation.

Summary

In his Introduction, Mises argues that economics emerged as a science when a regularity

1.Previous
3.Next