Contrary to Slobodian, Mises's position was perfectly consistent.
For Mises, schemes for international organization were intended only as means to promote the free market When Mises realized that in the statist climate of the day, these plans could not work, he for the most part abandoned them.
" Many of these authors were influenced by Hayek, but in his erudite discussion, Slobodian has missed the fact that Mises had little use for them.
Israel Kirzner stated that Mises's theory of interest 'expresses the universal or ("categorial") phenomenon of time preference and will therefore inevitably emerge also in a pure exchange economy without production' (Kirzner 1976, p.
Mises defended the notion that individuals place a higher value on present than future goods (or satisfaction) (ibid., p.
Mises showed that all economic systems can be categorized into three classes: capitalism, socialism, and interventionism.
Socialism, on the other hand, according to Mises, "is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created.
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Moreover, Hulsmann highlights some inconsistencies in Mises's thinking.
Hulsmann also makes some intriguing remarks about the relationship between Mises and the Catholic Church.
Readers should be warned that even though Hulsmann examines each of the main written scholarly contributions of Mises in a simple expository manner, he assumes that the audience possesses a degree of knowledge of economics.
The historical contextualisation of Mises's work, the driving theme of the biography, is also not always completely successful.