Ludwig von Mises

A Review

One thing must be said before we begin writing this chapter on Mises’ “Human Action”: That he is a great thinker with a profound comprehension of how the Free Market can work the best in the mutual interest of all people: When governments mingle as little as possible inside its workings, especially when governmental officials in charge of prosecuting corruption and unjust competition have little knowledge on market theory, as academic as this premise may sound. Once officials have no background even in employment but only in academia—in this case within the humanities at worst, even STEM sciences would not help becoming a more proficient official; at best it would be to hail from the eco-nomics, whilst governance or public administration would create an arrogant nescient who shows off audacity in power—, they are prone to maraud in the uncharted fields of the market, wreaking a futile debris in an ill-fated attempt to improve conditions for the employees. Such is the tale of the eager official who only wanted to help, according to the populist Capitalist. But more on that later.