Recollections from the University of Vienna
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Description
The private seminars that Mises held, and which were so successful in Vienna beginning in 1919, were actually separate from the University. Mises here remembers many of his seminar participants, like Hayek, Haberler, Schutz, and Machlup. He was glad to have contributed to the development of international cooperation among so many economists.
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Mises explains why socialism always fails due to the absence of a free market pricing structure for capital goods.
Published 01/24/72
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Mises explained why socialism always fails due to the absence of a free market pricing structure for capital goods. Presented in 1971, Ron Paul alludes to this speech in his book End the Fed.
Published 01/24/72