The ideas of historicism can be understood only if one takes into account that they sought exclusively one end: to negate everything that rationalist social philosophy and economics had established. In this pursuit many historicists did not shrink from any absurdity. Thus to the statement of the economists that there is an inevitable scarcity of nature-given factors upon which human well-being depends they opposed the fantastic assertion that there is abundance and plenty. What brings about poverty and want, they say, is the inadequacy of social institutions.
via The Historicist Indictment of Capitalism – Ludwig von Mises – Mises Daily.
Commentary: That’s interpreted to mean an inadequacy of family and property.
ThursdayMan | el hombre del jueves 