Ludwig von Mises, a founder of the Austrian School of Economics served as a professor of economics at New York University from 1945 through 1969. He was a towering intellect who was influenced by and associated with some of the great historical figures in academic economics. For instance, his dissertation adviser was Eugene Bohm Bawerk, and he was a student of Carl Menger. Von Mises students’ included Oskar Morgenstern (NYU and Princeton) who along with mathematician John non Neuman, founded game theory. Another was Fritz Machlup (NYU and Princeton) who was one of the first economists to recognize and study knowledge as an economic resource, an idea that is taken for granted by economists today.
Way back in the 1920s von Mises was warning about the dangers of what he termed “Socialist Destruction”. Socialists, he argued, did not engage in reasoned debate over the merits of a proposition; instead they simply denounced their opponents while seeking their destruction. And not just their opponents, whom they considered (and consider) to be enemies. They sought to destroy the institutions of civil society that protect the freedom and dignity of individuals, including religion, the rule of law, due process, free speech, freedom of assembly, limited government and the nuclear family.
Mises was prescient. What he predicted is precisely what is going on today. Same wine, new bottle. It is at the heart of cancel culture and intersectionality that has gained so much power over intellectual and artistic life. First go the statues and symbols, then go the people.
The video below is that of Professor Thomas J. DiLorenzo discussing Mises theory of Socialist Destruction in light of what is going on today. It is a story that can be told over and over, but some people never seem to learn. Until it’s too late.
JFB
