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"Apoplithorismosphobia"

Mark Thornton

	Kind	Comment	Size	Date Added
	PDF File		74 KB	1/15/2007

Mark Thornton Apoplithorismosphobia deflation

Publication Information The Quarterly Journal of Austrian Economics, Winter 2003, 6(4), pp. 5-18.

Updated 1/15/2007

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Ludwig von Mises: "It is not labor legislation and labor-union pressure that have shortened hours of work and withdrawn married women and children from the factories; it is capitalism, which has made the wage earner so prosperous that he is able to buy more leisure time for himself and his dependents. The nineteenth centurys labor legislation by and large achieved nothing more than to provide a legal ratification for changes which the interplay of market factors had brought about previously." - Human Action