Political Theory

Is the Decline of Liberty Inevitable?


This conference considered the claim that the fall of capitalism and the triumph of socialism are inevitable, as examined through the writings of Tocqueville, Mill, Nietzsche, Schumpeter, Dostoevsky, Ortega, Mises, and Rogge.


From Liberty Fund

The Anti-capitalistic Mentality

by By Ludwig von Mises
Edited by Bettina Bien Greaves

In The Anti-capitalistic Mentality, the respected economist Ludwig von Mises plainly explains the causes of the irrational fear and hatred many intellectuals and others feel for capitalism. In five concise chapters, he traces the causation of the misunderstandings and resultant fears that cause resistance to economic development and social change.…

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Additional Readings

Dostoevsky, Fyodor. The Brothers Karamazov. Translated by Richard Pevear and Larissa Volokhonsky. New York: Everyman's Library, 1992.

Mill, John Stuart. The Collected Works of John Stuart Mill XVIII and XIX: Essays on Politics and Society. Edited by J. M. Robson. Toronto: University of Toronto Press, 1977.

Nietzsche, Friedrich. The Portable Nietzsche. Translated by Walter Kaufmann. New York City: Penguin Books, 1968.

Ortega y Gasset, José. The Revolt of the Masses. New York: W. W. Norton & Company, 1993.

Rogge, Benjamin A. Can Capitalism Survive?. Indianapolis: Liberty Fund, 1979.

Schumpeter, Joseph A. Capitalism, Socialism and Democracy [3rd edition]. New York City: Harper Perennial Modern Thought, 2008.

Tocqueville, Alexis de. Democracy in America, Volume 1 [English Edition]. Edited by Eduardo Nolla. Translated by James T. Schleifer. Indianapolis: Liberty Fund, Inc., 2012.