Material Well-Being Quotes



While generally true, Mises here again exaggerates his “proof” by selectively ignoring or being ignorant of counter-examples. The Roman Catholic Church is a classic counter-example where priests, monks, and others owned nothing as individuals, but produced some great science (eg Gregor Mendel), art (the illuminated texts of the middle ages), literature (St Thomas Aquinas, etc). The best counter example that was just evident in the last decade of Misis’ life is Communist Russia. Russian science was better than Fance and Germany and second only to the United States. The Russian ballet and orchestras were second to none. Great literature came out of the Soviet Union and the best of it complained about and attacked the Soviet system of the times. In general, Mises principle tended to be correct throughout history but not always as he dogmatically stated.