Ludwig von Mises (1881-1973)

Ludwig von Mises (1881-1973) is a person.

• Context:
  • They can range from being an Austrian Economist to being a Libertarian Icon, depending on the historical period.
  • They can range from being a Classical Liberal to being an Anti-Socialist Theorist, based on ideological impact.
  • ...
  • They can be known for Ludwig von Mises Quotes, such as:
    • "The worst evils which mankind has ever had to endure were inflicted by bad governments." which emphasizes his critique of state power.
    • "If history could teach us anything, it would be that private property is inextricably linked with civilization." which highlights his defense of private property rights.
    • "Peace and not war is the father of all things." which reflects his belief in peaceful social cooperation.
    • "Innovation is the whim of an elite before it becomes a need of the public." which describes his view of market innovation.
    • "Society has arisen out of the works of peace; the essence of society is peacemaking." which expresses his view on social order.
  • ...
• Example(s):
  • Mises, 1920s, when he developed the economic calculation problem critique of socialism.
  • Mises, 1930s, during which he fled Austria and continued his academic work.
  • Mises, 1940s, when he immigrated to America and wrote "Human Action".
  • Mises, 1950s, as his influence grew within the libertarian movement.
  • Mises, 1960s, when his ideas helped shape the modern Austrian School.
  • ...
• Counter-Example(s):
  • John Maynard Keynes (1883-1946).
  • Karl Marx (1818-1883).
  • Friedrich Hayek (1899-1992).
  • Oskar Morgenstern (1902-1977).
  • Milton Friedman (1912-2006).
• See: Austrian Economics, Laissez-faire, Libertarianism, Marginal Utility, Praxeology, Subjectivism.

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References

2024

• (Wikipedia, 2024) ⇒ https://en.wikipedia.org/wiki/Ludwig_von_Mises Retrieved:2024-7-19.
  • Ludwig Heinrich Edler von Mises (; 29 September 1881 – 10 October 1973) was an Austrian–American Austrian School economist, historian, logician, and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism and the power of consumers. He is best known for his work on praxeology studies comparing communism and capitalism. Mises emigrated from Austria to the United States in 1940. Since the mid-20th century, libertarian movements have been strongly influenced by Mises's writings. Mises' student Friedrich Hayek viewed Mises as one of the major figures in the revival of classical liberalism in the post-war era. Hayek's work "The Transmission of the Ideals of Freedom" (1951) pays high tribute to the influence of Mises in the 20th-century libertarian movement. Mises's Private Seminar was a leading group of economists. Many of its alumni, including Friedrich Hayek and Oskar Morgenstern, emigrated from Austria to the United States and Great Britain. Mises has been described as having approximately seventy close students in Austria.

1949

• (von Mises, 1949) ⇒ Ludwig von Mises. (1949). "Human Action: A Treatise on Economics." In: Yale University Press.
  • NOTES:
    • It presents praxeology as the basis for understanding economic actions and interactions.
    • It argues for the superiority of a free-market economy over centrally planned economies.
    • It emphasizes the role of individual choice and subjective value in economic theory.

1944

• (von Mises, 1944) ⇒ Ludwig von Mises. (1944). "Bureaucracy." In: Yale University Press.
  • NOTES:
    • It contrasts bureaucratic management with profit-driven management, highlighting the inefficiencies of the former.
    • It argues that bureaucracies are necessary for certain public services but should be limited in scope.
    • It emphasizes that entrepreneurial management leads to more innovation and efficient resource allocation.

1922

• (von Mises, 1922) ⇒ Ludwig von Mises. (1922). "Socialism: An Economic and Sociological Analysis." In: Jonathan Cape.
  • NOTES:
    • It critiques socialism by arguing that it lacks an effective economic calculation method.
    • It explores the social and economic impacts of abolishing private property.
    • It asserts that socialism is inherently unworkable and leads to economic inefficiency and societal breakdown.

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