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is no longer any excuse for Catholics to defend Von Mises,”
says Dale Ahlquist, who goes on to recommend
a book by a real estate agent as a more suitable classroom text
in economics.

Poor Otto
von Habsburg, Crown Prince of Austria, Hungary, Croatia, and Bohemia.
He called
“one of the truly great men of our century.”
The Catholic nobleman Erik
von Kuehnelt-Leddihn
, the polyglot author of Leftism
Liberty or Equality
, and The
Menace of the Herd
, and something of a giant among twentieth-century
intellectuals, spoke highly of Mises. Here he is on “The
Cultural Background of Ludwig von Mises.”

and the Habsburgs, who lacked the opportunity to be lectured by
the head of the Chesterton Society, praised Mises, whose works
they had actually read first hand, not in secondhand caricature.
More Catholic than the Habsburgs and Kuehnelt-Leddihn. What an
example Dale Ahlquist is for us all!

I bring this
up because I’m in the midst of a bunch of attacks from a handful
of critics like this, as persistent as they are wrongheaded, regarding
my work on Catholic social teaching and Austrian economics. A
few people have asked if I intend to reply to them.

My answer:
I already have. There is no point in continuing. Every one of
their objections is dealt with in “Economics
as Science: A Catholic Defense of the Free Market,”
and Liberty,”
Social Teaching and the Market Economy Revisited: A Reply to Thomas
the Actual Progress of Peoples,”
and Catholicism,”
and Economic Law: Toward a Reconciliation,”
and “Is
Thomas Woods a u2018Dissenter’?”
Also relevant is the 2005
essay “Heavens
Above! The Relation of Ethics and Economics,”
by Gerard
Casey, then head of the department of philosophy at University
College, Dublin.

And I did
write an entire book on this – The
Church and the Market: A Catholic Defense of the Free Economy
That book covers prices, wages, labor unions, foreign aid, money,
banking, business cycles, inflation, socialism, distributism,
“predatory pricing,” and scores of other topics, and
can serve as an introductory text for the student interested in
Austrian economics.

On specific
individuals, see “Catholic
Social Teaching and the Market Economy Revisited: A Reply to Thomas
and “On
Chris Ferrara”
(the link I recommend if you click only

In all these
cases, I am reminded of what Richard Tawney said about Martin
Luther: “Confronted with the complexities of foreign trade
and financial organizations, he is like a savage introduced to
a dynamo or a steam engine. He is too frightened and angry even
to feel curiosity. Attempts to explain the mechanism merely enrage
him; he can only repeat that there is a devil in it, and that
good Christians will not meddle with the mystery of iniquity.”

8, 2011

E. Woods, Jr. [send him mail]
holds a bachelor’s degree in history from Harvard and his master’s,
M.Phil., and Ph.D. from Columbia University. He is the author of
ten books, including the just-released Nullification:
How to Resist Federal Tyranny in the 21st Century
and the New York Times bestsellers Meltdown:
A Free-Market Look at Why the Stock Market Collapsed, the Economy
Tanked, and Government Bailouts Will Make Things Worse
and The
Politically Incorrect Guide to American History
Visit his website and blog,
follow him on Twitter
and Facebook,
and subscribe to his YouTube

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