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By Ludwig von Mises

Released under a 12 months after Austria's defeat in international battle I, ''Nation, nation, and Economy'' examines and compares pre-war and post-war financial stipulations and explicates Mises' concept that every country's prosperity helps instead of undercuts the prosperity of different nations. Mises' humanitarian thoughts during this ebook, born from a classical liberal viewpoint, offer a awesome instance of ways supposedly ''hardnosed'' monetary conception, in response to the truth of expertise, is actually way more supportive of human flourishing than doubtless extra ''idealistic'' yet truly impractical social theories. in particular, Mises warned of the results of the punitive phrases of the Treaty of Versailles by means of victors extra drawn to punishing their defeated enemies than in development a Europe that will manage to meet the demanding situations of the long run. With the good thing about hindsight, we see how diverse eu and global background could have been.

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Extra info for Nation, State, and Economy: Contributions to the Politics and History of Our Times

Sample text

We then recognize immediately that this national aspect can be neither where he lives nor his attachment to a state. Not everyone who lives in Germany or holds German citizenship is a German merely for that reason. There are Germans who neither live in Germany nor hold German citizenship. Living in the same places and having the same attachment to a state do play their role in the development of nationality, but they do not pertain to its essence. It is no different with having the same ancestry.

Nation and race do not coincide; there is no nation of pure blood2 All peoples have arisen from a mixture of races. Ancestry is not decisive for belonging to a nation. Not everyone descended from German ancestors is a German merely for that reason; how many Englishmen, Americans, Magyars, Czechs, and Russians would otherwise have to be called Germans? There are Germans whose ancestors include not one German. Among members of the higher strata of the population and among famous men and women whose family trees are commonly traced, foreign ancestors can be demonstrated more often than among members of the lower strata of the people, whose origins are lost in darkness; yet the latter, too, are more seldom of pure blood than one tends to assume.

It is then the job of state authority to carry out the judgment pronounced by science and to replace the botch caused by free development with what serves the general interest. That the state, all-wise and all-just, also always wishes only the common good and that it has the power to fight against all evils effectively—this is not doubted in the slightest. 3 Against economic power the state can set its superior political-military power. For all the difficulties that confronted the German people at home and abroad, the military solution was recommended; only ruthless use of power was considered rational policy.

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