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.

Mises in the Digital Age

The driving force of the market is not material; it is a product of the individual human mind.

- September 29, 2015

Market Corrections Inspire Dangerous Political Panic

Stock market corrections are dangerous mostly because of politics, not economics.

- August 23, 2015

Capitalists Have a Better Plan

Complementary to Hayek’s now-better-known problem of dispersed knowledge, Mises stressed the calculation problem of socialist planning.

- August 18, 2015

War Is No Excuse for Socialist Planning

After the fall of the Soviet Union, just about everybody agreed that full-blown central planning was a bad way to produce food, cars, and television sets. However, people still seem to have a soft spot for planning when it comes to a “war economy.” 

- July 30, 2015

The Inevitable Chinese Stock Market Crash

You can drug an economy for only so long. When the injections stop, the withdrawal symptoms take over. 

- July 09, 2015

Why Ludwig von Mises Admired Sigmund Freud

The humanitarian implications of the possibility of pathologies of the mind are profound.

- July 09, 2015

Why Read Adam Smith Today?

Adam Smith’s books did not lay the foundation stone, but the keystone, of a marvelous system of ideas. 

- June 27, 2015

Carl Menger and the Austrian School of Economics

 The work of Carl Menger and his friends has become the foundation of the entire modern science of economics.

- June 03, 2015

In Defense of Private Property: Aristotle and Mises

The Greek and the Austrian both knew: Ownership and freedom are inseparable ideas.

- May 26, 2015

Ex Machina and Human Action

Ex Machina is a lesson in the pervasiveness of economics in everything we do.

- May 18, 2015

F.A. Hayek on Intellectual vs. Economic Freedom

"Freedom of action, even in humble things, is as important as freedom of thought."

- May 08, 2015

Obamacare and Hayek's Crystal

Government planners make the fatal error of treating the spontaneous social order as if it were an organization.

Mises: The Original Freakonomist

Economics is not confined to the "commercial" side of life;  it is the science of every kind of human action.

- April 23, 2015

Do Capitalists Own the Market?

Capitalists steer the ship, but consumers tell them where to go.

- April 23, 2015

Is the "Austrian School" a Lie?

Are "Austrian" economists really part of the tradition of Menger and Mises?

The Crowding-Out Tipping Point

Bigger government means slower economic growth. Has the United States reached the tipping point for economic decline?

Hasta La Victoria Siempre

Cuba is still waiting for victory. Recent events prompt reflections from a professor who has seen it all firsthand, and maybe even met folks who will see the country to better times.

- January 15, 2015

Improve Thyself

Leonard Read called for every libertarian to focus on the one unit of society he is certainly capable of improving: himself.

- December 08, 2014

Mises’s Century

Ludwig von Mises’s intellectual path is one of transformation and discovery. He witnessed firsthand the failures of state power, war, and even democracy.

- November 24, 2014

Liberty and Property

Ludwig von Mises explains the development of the two fundamental pillars of progress, civilization, and every form of freedom. 

- October 20, 2014

In Praise of Peace: Happy Birthday, Dr. Mises

Ludwig von Mises saw that war was the enemy of prosperity and that the market was the ally of peace. 

- September 29, 2014

What Gave Bitcoin Its Value?

Mises’ regression theorem explains why bitcoin is real money and where its value comes from.

- August 27, 2014

The Feminism of Ludwig von Mises

Ludwig von Mises was a feminist when even the most revolutionary cultural center of his day denied women their full suite of rights. His act of intellectual entrepreneurship should remain an inspiration today. 

Sheldon Richman talks about Human Action

Sheldon Richman is interviewed about the importance of Ludwig von Mises' Human Action.

- November 14, 2012

The Virtue of Market Inefficiency

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

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