Liberalism (original
German title: Liberalismus) is an influential book by
Austrian School economist and
libertarian thinker
Ludwig von Mises, containing economic analysis and indicting critique of
socialism. It was first published in 1927 by Gustav Fischer Verlag in
Jena and defending
classical liberal ideology based on individual
property rights. Starting from the principle of private property, Mises shows how the other classical liberal
freedoms follow from property rights and argues that liberalism free of
government intervention is required to promote peace, social harmony and the general welfare. The book was translated into English by a student of Mises,
Ralph Raico, but its first English edition in 1962 was titled The Free and Prosperous Commonwealth rather than
Liberalism, as Mises thought that the literal translation would create confusion because the term liberalism after the
New Deal and especially in the
1960s became widely used in the United States to refer to the leftist ideology supporting government intervention, totally opposite to what Mises advocated.
[1] The English translation was made available online by the
Ludwig von Mises Institute in 2000.
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