For Mises and his fellow Austrian School members, the restraint most essential to civilisation was submission to the demands of the market. They believed that, in creating a web of mutually beneficial relations, commerce was civilising, and that the most civilised peoples were therefore those with the most extensive division of labour. … The outbreak of World War I brutally shattered 'the dream of an ecumenical society' that Mises had believed was heralded by the 'opening up of the backward regions of the Near and Far East, of Africa and America' and the extension of the world market.

Jessica Whyte, The Morals of the Market, loc. 110