Dean Russel was a member of the staff of The Foundation for Economic Education, where he wrote for The Freeman, promoted the work of Ludwig von Mises, and translated the writings of Frédéric Bastiat.
Ludwig von Mises: "When pushed hard by economists, some welfare propagandists and socialists admit that impairment of the average standard of living can only be avoided by the maintenance of capital already accumulated and that economic improvement depends on accumulation of additional capital." - Human Action