Ludwig von Mises
Biography
Ludwig von Mises (1881- 1973) is one of the most important economists and social philosophers of the twentieth century and a notable member of the Austrian school of economics. His most important works are The Theory of Money and Credit (1912), Socialism: An economic and sociological analysis (1922), Liberalism: the Free and Prosperous Commonwealth (1927), Human Action: A treatise on economics (1949), The Anticapitalistic Mentality (1956). Download Human Action More on Ludwig von MisesLudwing von Mises Institute
Contributions
In his work, Mises opposes socialism and argues for the establishment of free markets and for a policy of unrestricted laissez-faire, division of labor, and private capital investment. He is also against government intervention in the market, and argues that its power should be limited to providing defense of person and property. Mises considers that spontaneous orders are the result of human action [20].
As the mentor and colleague of Friedrich A. Hayek, Mises had a significant impact on fostering Hayek’s intellectual development. Of Mises, Hayek stated: "There is no single man to whom I owe more intellectually."
[21].
General Overview | Major Contributors | Game Theory Models | Objections/Arguments | Sources
