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It is said that [[Ludwig von Mises]] (1881-1973) build an intellectual defense of [[capitalism]] and thus of civilization. When he appeared, there was virtually no systematic intellectual opposition to socialism or defense of capitalism. ''[[Socialism]], von Mises showed, in his greatest original contribution to economic thought, not only abolishes the incentive of profit and loss and the freedom of competition along with private ownership of the means of production, but makes economic calculation, economic coordination, and economic planning impossible, and therefore results in chaos. '' [http://capitalism.net/Ludwig%20von%20Mises%20Defender%20of%20Capitalism.html Ludwig von Mises:Defender of Capitalism]

It is said that [[Ludwig von Mises]] (1881-1973) built an intellectual defense of [[capitalism]] and thus of civilization. When he appeared, there was virtually no systematic intellectual opposition to socialism or defense of capitalism. ''[[Socialism]], von Mises showed, in his greatest original contribution to economic thought, not only abolishes the incentive of profit and loss and the freedom of competition along with private ownership of the means of production, but makes economic calculation, economic coordination, and economic planning impossible, and therefore results in chaos. '' [http://capitalism.net/Ludwig%20von%20Mises%20Defender%20of%20Capitalism.html Ludwig von Mises:Defender of Capitalism]

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*[[Welfare]]

*[[Welfare]]

*[[Capitalism]]

*[[Capitalism]]

*[[Friedrich Hayek]]

*[[Friedrich Hayek]]

*[[Baldomero Ortoneda]]

*[[Baldomero Ortoneda]]

== External links ==

== External links ==

[[Category:Economics]]

[[Category:Economics]]

[[Category:Politics]]

[[Category:Politics]]