Ludwig von Mises
One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productive life, developed an integrated, deductive science of economics based on the fundamental axiom that individual human beings act purposively to achieve desired goals. Even though his economic analysis itself was “value-free” — in the sense of being irrelevant to values held by economists — Mises concluded that the only viable economic policy for the human race was a policy of unrestricted laissez-faire, of free markets and the unhampered exercise of the right of private property, with government strictly limited to the defense of person and property within its territorial area.
Related Freeman Articles
A lifetime of scholarship
NOVEMBER 24, 2014 by JEFFREY A. TUCKER
Ludwig von Mises's intellectual path is one of transformation and discovery. He witnessed firsthand the failures of state power, war, and even democracy.
SEPTEMBER 29, 2014 by ROBERT P. MURPHY
Ludwig von Mises saw that war was the enemy of prosperity and that the market was the ally of peace.
Those who use the work of Mises to challenge bitcoin should think again
AUGUST 27, 2014 by JEFFREY A. TUCKER
Mises' regression theorem explains why bitcoin is real money and where its value comes from.
NOVEMBER 14, 2012 by SANDY IKEDA
Freeman readers know markets excel at creating new efficiencies and improving everyone's lives in the process. The inefficiencies they create might be even more interesting, says Sandy Ikeda.
NOVEMBER 14, 2012 by WARREN C. GIBSON
"The hangman, not the state, executes a criminal." Ludwig von Mises's insight into the source of human action contains a world of wisdom, says Warren Gibson.
OCTOBER 29, 2012 by ALEX SALTER
Central planning can't deliver resources efficiently because it ignores the full complexity of the price system.Alex Salter lays it out.
We owe a debt to Ludwig von Mises.
SEPTEMBER 13, 2012 by STEVEN HORWITZ
Human Action remains one of the great achievements in the social sciences and perhaps the single most important economic treatise of the twentieth century.
OCTOBER 20, 2014 by LUDWIG VON MISES
Ludwig von Mises explains the development of the two fundamental pillars of progress, civilization, and every form of freedom.
NOVEMBER 14, 2012 by SHELDON RICHMAN
Sheldon Richman is interviewed about the importance of Ludwig von Mises' Human Action.