Mises’s notable theory of classes has been curiously neglected by most of his followers. By bringing it back into prominence, we have to abandon the cozy view that all of us, we and our privileged rulers alike, are in a continuing harmony of interest. By amending Mises’ theory to account for time preference and other problems in his “rightly understood” analysis, we conclude with the still less cozy view that the interests of the State privileged and of the rest of Society are at loggerheads. And further, that only moral principles beyond utilitarianism can ultimately settle the dispute between them.
Source link: http://archive.mises.org/1845/the-clash-of-group-interests-and-other-essays-by-ludwig-von-mises/