“It was written to address the burning question: if not socialism, and if not fascism or interventionism, what form of social arrangements are most conducive to human flourishing? Mises’s answer is summed up in the title, by which he meant classical liberalism.
Mises did more than restate classical doctrine. He gave a thoroughly modern defense of freedom, one that corrected the errors of the old liberal school by rooting the idea of liberty in the institution of private property (a subject on which the classical school was sometimes unclear).
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German edition, 1927; latest English edition Copyright 1985 The Foundation for Economic Education, Irvington, NY. Translation by Ralph Raico. Online edition Copyright The Mises Institute, 2000.