Mises Daily
Author:
Henry Grady Weaver
Online Publish Date:
[Excerpted from chapter 18 of The Mainspring of Human Progress (1953), this article is part two of a two-part series. Part 1 can be found here .] For thousands of years under the Old World concept of a static economy operating under bureaucratic control, human beings lived in hunger, filth, and disease. They worked ceaselessly at backbreaking