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- How Can Europe Survive_3.pdf
Like a coin on whose two sides two different symbols are impressed, government planning and the disintegration of the world market are two aspects of a single problem. The upper side of the coin, visible and familiar to everybody, shows the fascinating picture of a welfare state designed by our welfare economists and put into effect by progressive governments. The other side of the coin reveals a picture that indicates the price, expressed in terms of economic nationalism and international conflict, which must be paid for the realization of the welfare state. That is to say, every welfare measure by a national government bears inescapable effects on foreign relations and the international exchange of goods.
Hans F. Sennholz (1922-2007) was Ludwig von Mises's first PhD student in the United States. He taught economics at Grove City College, 1956–1992, having been hired as department chair upon arrival. After he retired, he became president of the Foundation for Economic Education, where he served from 1992-1997. He was an adjunct scholar of the Mises Institute, and in October 2004 was awarded the Gary G. Schlarbaum Prize for lifetime defense of liberty.
NY: D. Van Nostrand, 1955
