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« Mill > Keynes, so says Steven Kates | Main | War is the Health of the State »


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I question this sentence from Mises:

The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built.

I am no Mises scholar, but given as much as I have learned this sentence seems to contradict other Mises teaching. It seems to imply that knowledge exists and upon that knowledge has been built most everything good. So the Soviets could have built everything good if they had possessed this knowledge?

On the blog of the Free Nation Foundation I have posted a challenge to the meaning which I take from this sentence.

But, do you join me in suspecting that Mises would have changed the wording of this sentence if he had foreseen the way I am taking it?

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