[This article is based on an earlier essay published in German at “ Wirtschaftliche Freiheit,” but has been abridged, revised, and adapted for an international audience.] The catastrophic socialist experiments of the 20th century rest on a critique of capital. Economics should take this seriously and recall that capital theory is, at its core, also about questions of freedom and unfreedom. Economists would do well to re‑examine these issues in the tradition of Ludwig von Mises. There is hardly anything more boring than capital theory. When one looks at what economics has to say about capital