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Did Austrian Economist Ludwig Von Mises believe the emerging Soviet Communist Economy would prove successful? Why or why not? What statement did he make right

  1. Did Austrian Economist Ludwig Von Mises believe the emerging Soviet Communist Economy would prove successful? Why or why not? What statement did he make right before storming out of a room full of like-minded economists?
  2. Why did Lenin implement the "New Economic Policy"? After his death, did Stalin continue this policy? Why or why not?
  3. Some say that Keynes General Theory saved capitalism, what might they mean? What were the global forces at the time that support this idea?
  4. What factors led to the rise and power of the Labor party in Britain after WWII? What economic changes were brought about? What event in the U.K. in the 1980s led to the decline of the Labor Party?
  5. After WWII, why did British and American occupied areas of Germany implement price and wage controls? What role did cigarettes and cognac play in the economy? How did Economic Minister, Ludwig Erhard deal with this issue? Was it effective? How?
  6. In what ways did Conservative Leaders' Nixon in the U.S. and Heath in the U.K. deal with the stagflation of the early seventies? Was this consistent with conservative principles led by Friedman and Hayek? What were the effects on their respective economies?

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