Ludwig von Mises

Ludwig von Mises

(1881 - 1973)
BIO

Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian school of economics throughout most of the 20th century.

He was also a prodigious originator in economic theory and a prolific author.

Mises earned his doctorate in law and economics from the University of Vienna in 1906. In 1926, Mises founded the Austrian Institute for Business Cycle Research. From 1909 to 1934, he was an economist for the Vienna Chamber of Commerce. Before the Anschluss in 1934, Mises left for Geneva, where he was a professor at the Graduate Institute of International Studies until 1940, when he emigrated to New York City. From 1948 to 1969, he was a visiting professor at New York University.

Mises’s writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy. His contributions to economic theory include important clarifications on the quantity theory of money, the theory of the trade cycle, the integration of monetary theory with economic theory in general, and a demonstration that socialism must fail because it cannot solve the problem of economic calculation.

Mises was the first scholar to recognize that economics is part of a larger science in human action, a science that Mises called “praxeology.”

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FEATURED WORK
Planned Chaos

Planned Chaos

By Ludwig von Mises

A concise attack on fascism and socialism, by the master economist of the 20th century.

Liberalism

Liberalism

By Ludwig von Mises

Ludwig von Mises’s classic statement in defense of a free society.

Socialism

Socialism

By Ludwig von Mises

Written in 1922, this book still works as a decoder to today’s headlines.

Human Action

Human Action

By Ludwig von Mises

To study economics is to study Human Action

Theory and History

Theory and History

By Ludwig von Mises

Should be required for any student of 20th-century ideas.

Theory of Money and Credit

Theory of Money and Credit

By Ludwig von Mises

The definitive integration of microeconomics and macroeconomics.

Nation, State, and Economy

Nation, State, and Economy

By Ludwig von Mises

What is the proper political order to sustain peace in the age of democracy?

Economic Calculation in the Socialist Commonwealth

Economic Calculation in the Socialist Commonwealth

By Ludwig von Mises

The essay that overthrew the socialist paradigm in economics, and provided the foundation for modern Austrian price theory.

Economic Policy: Thoughts for Today and Tomorrow

Economic Policy: Thoughts for Today and Tomorrow

By Ludwig von Mises

This might be Mises's bestselling book.

ALL PUBLICATIONS
  • Planned Chaos
    Published in 2014
    The title of Planned Chaos comes from Mises’s description of the reality of central planning and socialism, whether of the national variety (Nazism) or the…
  • Liberalism
    Published in 2014
    There are two uses of the word liberalism that are heartbreaking, even disgusting. The first occurs when a self-described liberal pushes government power as the…
  • Socialism
    Published in
    This book is a legendary classic, but sometimes that can be the worst possible fate to befall a work. It’s a tragic thing when a…
  • Human Action
    Published in
    Human Action is the most important book on political economy you will ever own. This treatise is the result of a life-long devotion to truth…