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Webinar: Ludwig von Mises and Austrian Economics

MAY 14, 2013 by IVAN PONGRACIC JR.

Ludwig von Mises was not the founder of the Austrian school of economic thought, but by outlining the school's methodological approach Mises defined the Austrian school and its unique position in mainline economics. Professor Ivan Pongracic will discuss Ludwig von Mises' five main contributions to economics.

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IVAN PONGRACIC JR.

Ivan Pongracic Jr. is an associate professor of economics at Hillsdale College, where he holds the William E. Hibbs/Ludwig von Mises Chair in Economics. He is also a member of FEE Board of Scholars.

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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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