Liberal Arts College

In 1927, classical liberalism, based on a belief in individualism, reason, capitalism, and free trade, was dying, when one of the 20th century's greatest social thinkers wrote this combative and convincing restatement. Nowhere are the key principles of Mises' philosophy better represented than in this timeless work. Mises was a careful and logical theoretician who believed that ideas rule the world, and this especially comes to light in Liberalism.

Is college worth the ever-increasing cost? From the mouths of politicians and parents alike, the notion that "everyone should go to college" is conventional wisdom in America. Yet half of today's college graduates are unemployed or underemployed. They have little to show for their time in school...