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Mises and Montaigne: A Comment

Author

Listed:
  • Philipp Bagus
  • David Howden
  • Amadeus Gabriel

    (CERIIM - Centre de Recherche en Intelligence et Innovation Managériales - Excelia Group | La Rochelle Business School, CEREGE [Poitiers, La Rochelle] - Centre de recherche en gestion [EA 1722] - UP - Université de Poitiers = University of Poitiers - ULR - La Rochelle Université)

  • Eva María Carrasco Bañuelos

Abstract

Did Ludwig von Mises err in attributing the idea that “no man profits but by the loss of another†to Michel de Montaigne, as Casto Martín Montero Kuscevic and Marco Antonio del Río Rivera claim? In this brief comment we vindicate Mises's assessment and criticisms of Montaigne by way of three points. First, Mises was indeed correct in christening the belief that the economy can be presented as a zero-sum game as the “Montaigne dogma.†Second, we demonstrate that Montaigne refers not only to involuntary exchanges but also to voluntary ones. Finally, we show that Mises considers cases beyond their strict monetary results and refers to entrepreneurial profits as being primarily psychic in nature. As a result, Mises is able to offer an explanation for why forced transactions create no net benefit, but voluntary ones cannot be interpreted in the same way.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Philipp Bagus & David Howden & Amadeus Gabriel & Eva María Carrasco Bañuelos, 2016. "Mises and Montaigne: A Comment," Post-Print hal-02634035, HAL.
    • Handle: RePEc:hal:journl:hal-02634035
    DOI: 10.1215/00182702-3687331
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    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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