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The Disinterventionist Spiral

In: The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I

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  • Philipp Bagus

    (Universidad Rey Juan Carlos)

Abstract

While the functioning of the interventionist spiral is well known to the Austrian economist, the opposite way is less well studied. In this chapter I employ Mises’ theory of interventionism to develop a theory of de-interventionism, a theory of de-spiraling. First, I critically discuss Mises’ theory of interventionism and how Mises modified it over time. Second, I outline a theory of de-interventionism. Third, I illustrate this theory with the specific example of a reform of the pension system. Lastly, I conclude with some implications for libertarian reformers. When interferences are abolished, there arise new tensions with still existing interventions. Libertarian reforms should be all-encompassing and bold to be successful.

Suggested Citation

  • Philipp Bagus, 2023. "The Disinterventionist Spiral," Springer Books, in: David Howden & Philipp Bagus (ed.), The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I, pages 35-45, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-17414-8_4
    DOI: 10.1007/978-3-031-17414-8_4
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