Classic reading in the traditional liberal tradition. Given the age of this, it's impressive to see the clarity of the argument here. The first half is really enjoyable and has that clarity. The second half makes some judgments that are rather unjustified and blinkered. Part of that is just the times he was writing in (don't expect modern political correctness here), but the reasoning also isn't as strong.

Hayek and Milton Freedman develop these ideas (though Freedman, in particular, politicizes things more.)

You probably don't need to read this cover to cover, though I did find some of the last parts especially enjoyable.

Don't forget to check for nasty Fourierians under the bed before going to sleep, Ludwig

I just finished translating this book and it was a strange book. I'm torn between 3 and 4 stars. The fact that it was written in 1927 for a german audience makes quite a few of its points irrelevant to today's reader. Regardless, it is a great book, a fine introduction to the utilitarian approach to classical liberalism and even to economic thinking in some degree. It was extremely sad to read it with the knowledge that Hitler, WWII and rivers of blood was what followed the time of its writing. Everything that was needed to prevent that was laid down in this book and Germany paid with the lives of millions for rejecting its message.

Un libro escrito en 1920 que aún hoy en día sigue siendo relevante y predice los problemas actuales que existen en una Europa que se va alejando de los principios básicos del libre mercado. En algunos momentos se torna demasiado filosófico pero el argumento que une todo el discurso de von Mises está presente en todas las páginas: únicamente el liberalismo puede asegurar el continuo crecimiento material, la paz y la prosperidad de la humanidad como sociedad.