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Austrian school economist
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Reference
Ludwig von Mises - Wikipedia, the free encyclopedia
"Ludwig Heinrich Edler von Mises (September 29, 1881 – October 10, 1973) was a notable economist and a major influence on the modern libertarian movement and revival of classical liberalism. He has been called the 'uncontested dean of the Austrian School of economics'. His theories have influenced such subsequent economists as Friedrich von Hayek, Eric Voegelin, and Murray Rothbard. ..."
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Born
29 Sep 1881, Ludwig Heinrich Edler von Mises, in Lemberg (Lviv), Ukraine
Died
10 Oct 1973, in New York City, New York
Biography
Biography of Ludwig Edler von Mises (1881-1973), The Concise Encyclopedia of Economics
Laissez Faire Books
Who Is Ludwig von Mises?
Ludwig von Mises Institute
Associations
Economic Advisor, 1946-1973, Foundation for Economic Education
Visiting Professor, Graduate School of Business Administration, 1945-1969, New York University
Founding member, Mont Pelerin Society
Web Pages
Ludwig Von Mises - Libertarian
Advocates for Self-Government
Articles
A Guide to the Writings of Ludwig von Mises, by Roy A. Childs, Jr., Dec 1990
"The great social theorist Ludwig von Mises was born one hundred and ten years ago, published the majority of his important works before midcentury, and died nearly twenty years ago, at the end of a staggeringly productive life. ... some people profess to be intimidated by the sheer volume and complexity of his work."
Ludwig Edler von Mises, by Roger W. Garrison, Business Cycles and Depressions, 1997
Ludwig von Mises: Scholar, Creator, Hero, by Murray N. Rothbard, 1988
Related Topics: Banking, Ludwig von Mises Institute, Mont Pelerin Society, Socialism
"It boggles the mind what this extraordinarily productive and creative man was able to accomplish in economic theory and philosophy when down to his mid-50s, his full-time energies were devoted to applied political-economic work. Until middle-age, in short, he could only pursue economic theory and write his extraordinary and influential books and articles, as an overtime leisure activity. What could he have done, and what would the world have gained, if he had enjoyed the leisure that most academics fritter away?"
Ludwig von Mises, socialism's greatest enemy: His life and times, by Jim Powell
Mises: Defender of Freedom, by George Reisman, Mises.org Daily Article, 29 Sep 2006
Related Topics: Capitalism, Law of Comparative Advantage, Farming, Socialism
"... when Mises appeared, there was virtually no systematic intellectual opposition to socialism or defense of capitalism. Quite literally, the intellectual ramparts of civilization were undefended. What Mises undertook, and which summarizes the essence of his greatness, was to build an intellectual defense of capitalism and thus of civilization."
Mises on His 125th Anniversary, by Jörg Guido Hülsmann, Mises.org Daily Article, 29 Sep 2006
"'... a mind of genius blended harmoniously with a personality of great sweetness and benevolence. Not once has any of us heard a harsh or bitter word escape from Mises' lips. Unfailingly gentle and courteous, Ludwig Mises was always there to encourage even the slightest signs of productivity or intelligence in his friends and students ...'"
Money and the Individual, by Murray N. Rothbard, Mises.org Daily Article, 1981
Foreword to Ludwig von Mises's The Theory of Money and Credit
"Ludwig von Mises was a 'third-generation' Austrian, a brilliant student in Böhm-Bawerk's famous graduate seminar at the University of Vienna in the first decade of the twentieth century. Mises's great achievement in The Theory of Money and Credit (published in 1912) was to take the Austrian method and apply it to the one glaring and vital lacuna in Austrian theory: the broad 'macro' area of money and general prices."
The Wisdom of Ludwig von Mises, by George Koether, The Freeman: Ideas on Liberty, Sep 1981
Are Government Failures the Result of the Wrong People Running It?, by Michael Cloud, The Liberator Online, 11 May 2006
Related Topics: Government
"What if the great Austrian economist Ludwig von Mises were alive -- and put in charge of the Internal Revenue Service. He's subject to today's mandates, laws, regulations, budget, constraints, and political reality. Could Ludwig von Mises make the IRS collect the money while NOT damaging lives -- or the economy?"
Book Review -- Problemas Economicos de Mexico, by Richard M. Ebeling, Freedom Daily, Jan 1999
Related Topics: Mexico
Government Interventionism in Ireland, Part 2, by Scott McPherson, Freedom Daily, Jun 2004
Related Topics: Ireland
"Had Irish nationalists espoused a philosophy of true political freedom ... rather than one of government interventionism, statism, and political control, ... the majority of unionists would ... have been .... more prepared to see the Home Rule Act as no threat to their British values."
Monetary Central Planning and the State, Part 31: Ludwig von Mises on the Case for Gold and a Free Banking System, by Richard M. Ebeling, Freedom Daily, Jun 1999
Related Topics: Gold Standard
Professor Ludwig von Mises Discusses Free Enterprise, La Prensa, 2 Jun 1959
Related Topics: Argentina
Translation of interview with Ludwig von Mises upon visiting Buenos Aires
"Dr. Mises, who was born in Austria and moved to the United States in 1940, has been a member and consultant of the Foundation for Economic Education in Irvington-on-Hudson, New York, since 1946. He also teaches at the business administration school of New York University (NYU) and is the author of many books on economics, translated into Spanish, including, The Theory of Money and Credit, Omnipotent Government, and The Anti-capitalistic Mentality."
The Flagellation of the Pursuit of Happiness, by George Reisman, 14 Jun 2006
Related Topics: Pursuit of Happiness
"Among the most important things that Mises showed is that the pursuit of self-interest is the foundation of the saving and investment and continuous innovation and improvement of products and methods of production that serves to raise the standard of living of all."
Writings
"Anticommunism" versus Capitalism, The Anti-Capitalistic Mentality, 1956
Related Topic: Socialism
Excerpt from part V
"There exists today a sham anticommunist front. ... They make an illusory distinction between communism and socialism and — paradoxically enough — look for a support of their recommendation of noncommunist socialism to the document which its authors called The Communist Manifesto. They think that they have proved their case by employing such aliases for socialism as planning or the welfare state."
Capital Goods and Capital, Human Action, 1949
Related Topic: Capital Goods
Chapter 15, Section 2
Catallactic Unemployment, Human Action, 1949
Related Topic: Unemployment
Chapter 21, Section 4
Inequality of Wealth and Incomes, The Freeman: Ideas on Liberty, May 1955
Related Topics: Socialism, Capital Goods, The Free Market, Taxation
Describes how attempts to equalize incomes and wealth lead to lowered standard of living for the masses and eventually to socialism
"When Marx and Engels in the Communist Manifesto recommended 'a heavy progressive or graduated income tax' and 'abolition of all right of inheritance' ... They were fully aware of the inevitable consequences of these policies. They openly declared that these measures are 'economically untenable' and that they advocated them only ... as a means of bringing about socialism."
Middle-of-the-Road Policy Leads to Socialism, 18 Apr 1950
Speech to the University Club of New York
Minimum Wage Rates, Human Action, 1949
Related Topic: Minimum Wage Laws
Chapter 30, Section 3
On Equality and Inequality, Modern Age, 1961
Related Topics: Rights, Capitalism, Compulsory Education, Entrepreneurship, Government, Labor, Socialism
"The doctrine of natural law that inspired the eighteenth century declarations of the rights of man did not imply the obviously fallacious proposition that all men are biologically equal. It proclaimed that all men are born equal in rights and that this equality cannot be abrogated by any man-made law, that it is inalienable or, more precisely, imprescriptible."
Rationality and Irrationality; Subjectivism and Objectivity of Praxeological Research, Human Action
Related Topic: Life
Chapter 1, section 4
"The impulse to live, to preserve one's own life ... is a primal feature of life, present in every living being. However ... man ... can control both his sexual desires and his will to live. He can give up his life when the conditions under which alone he could preserve it seem intolerable. ... To live is for man the outcome of a choice, of a judgment of value."
The Economic Role of Saving and Capital Goods, The Freeman: Ideas on Liberty, Aug 1963
Related Topic: Capital Goods
"Capital goods come into existence by saving. ... Civilized man produces tools and intermediary products in the pursuit of long-range designs that finally bring forth results which direct, less time-consuming methods could never have attained, or could have attained only with an incomparably higher expenditure of labor and material factors."
The Fallacy of the Concept of "National Character", Omnipotent Government, 1944
Related Topics: Self-Esteem, Johann Wolfgang von Goethe
"Faust concludes with a glorification of productive work; its guiding idea is that only the self‑satisfaction received from rendering useful services to his fellow men can make a man happy; it is a panegyric upon peace, freedom, and—as the Nazis scornfully call it, 'bourgeois'—security."
The Idea of Liberty is Western, American Affairs, Oct 1950
Related Topics: Liberty, Capitalism, Greece, Socialism
Excerpted from chapter 21 of Money, Method, and the Market Process
"What gives to the individuals as much freedom as is compatible with life in society is the operation of the market system. The constitutions and bills of rights do not create freedom. They merely protect the freedom that the competitive economic system grants to the individuals against encroachments on the part of the police power."
The Nonhuman Original Factors of Production, Human Action, 1949
Related Topic: Land
Chapter 22
The Ricardian Law of Association, Human Action, 1949
Related Topic: Law of Comparative Advantage
Chapter 8, section 4
The Source of Prices, Mises.org Daily Article, 4 Aug 2006
Related Topic: Prices
Essay based on chapter XVI of Human Action, by George Koether
"The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of an equality of valuation, but, on the contrary, the product of a discrepancy in valuation."
Wages, Human Action, 1949
Related Topic: Wages
Chapter 21, Section 3
Books
Human Action: A 50-Year Tribute
    by Richard M. Ebeling (Editor), 2000
Ludwig Von Mises: The Man and His Economics
    by Israel M. Kirzner, 2001
Mises Made Easier: A Glossary for Ludwig Von Mises' Human Action, by Percy L. Greaves, Jr., 1974
Electronic text available at the Ludwig von Mises Institute
Mises: An Annotated Bibliography: A Comprehensive Listing of Books and Articles by and About Ludwig Von Mises
    by Bettina Bien Greaves, 1993
The Essential von Mises
    by Murray N. Rothbard, 1973
The Legacy of Ludwig Von Mises
    by Peter J. Boettke (Editor), 2006
Books Authored
Bureaucracy, 1944
Related Topic: Bureaucracy
Economic Policy: Thoughts for Today and Tomorrow, 1979
Related Topic: Economics
Lectures originally given in 1959
Human Action: A Treatise on Economics, 1949
Related Topic: Economics
  • ISBN 0786101709: Audio cassette, Blackstone Audiobooks, Section One, 1997
  • ISBN 0786101717: Audio cassette, Blackstone Audiobooks, Section Two, 1997
  • ISBN 0809297434: Hardcover, NTC/Contemporary Publishing Co, 3rd edition, 1966
  • ISBN 0945466242: Hardcover, Ludwig Von Mises Institute, Scholars Edition, 1998
  • ISBN 1572460210: Hardcover, Foundation for Econ Education, 4th edition, 1996
  • ISBN 0930073185: Paperback, Fox & Wilkes, Scholars edition; 4th edition, 1996
Interventionism: An Economic Analysis, 1940
Related Topic: The State
Excerpt from Nationalökonomie
Omnipotent Government: The Rise of the Total State and Total War, 1944
Related Topics: War, Germany
Electronic text available at the Mises Institute
Planned Chaos, 1947
Related Topic: Socialism
Planning for Freedom: And Sixteen other Essays and Addresses, 1952
Related Topic: Liberty
Selected Writings of Ludwig Von Mises: Volume 2, Between the Two World Wars: Monetary Disorder, Interventionism, Socialism, and the Great Depression
    by Ludwig von Mises, Richard M. Ebeling (Editor), 2002
Socialism: An Economic and Sociological Analysis, 1922
Related Topic: Socialism
The Anti-Capitalistic Mentality, 1956
Related Topic: Capitalism
The Free Market and Its Enemies: Pseudo-Science, Socialism, and Inflation
    by Ludwig von Mises, Richard M. Ebeling (Introduction), Foundation for Economic Education, 2004
Related Topic: The Free Market
Based on lectures delivered in 1951
The Ultimate Foundation of Economic Science: An Essay on Method, 1962
Related Topic: Economics
Electronic text available at the Mises Institute
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