Church & Society

Margit von Mises compiled her husband's lectures in Argentina in 1959. The outcome is the book, Economic Policy: Thoughts for Today and Tomorrow. Regnery/Gateway, Inc., Chicago first published this book in 1979. Mises argued in the book that the best economic policy is to limit the government to its proper role and to make it sure that the market environment is conducive to its free operation. The focus of the government should be the protection of life, freedom, and private property of citizens both from domestic and foreign aggression. The author expounded this idea into six lectures on capitalism, socialism, interventionism, inflation, foreign investment, and policies and ideas. Capitalism The first lecture centers on misconceptions about capitalism. It is about interconnected economic facts that are not widely known about capitalism. Examples of these facts include its historical setting and distinction from feudalism, its contribution to population growth, savings and higher s...

Originally, I discussed this topic in nine separate articles. What I intend to do this time is to minimize the number of pages by just giving the salient points provided in my previous summaries, and add a theological reflection at the end of this post.  The titles of all the articles are as follows: The Ugliness and Indictment of the Bureaucratic System Profit Management Bureaucratic Management Bureaucratic Management of Publicly Owned Enterprises Bureaucratic Management of Private Enterprises The Social and Political Implications of Bureaucratization The Psychological Consequences of Bureaucratization Economically Informed Citizenry Sacrificing Liberty Via Bureaucracy, and Theological Response The Ugliness and Indictment of the Bureaucratic System There is a general consensus "that the terms  bureaucrat, bureaucratic,  and  bureaucracy"  are usually perceived as ugly and bad. Nobody want to be called a "bureaucrat." People in government prefer to be called "c...