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Ludwig Von Mises

Ludwig von Mises
Ludwig von Mises.jpg
Born Ludwig Heinrich Edler von Mises
(1881-09-29)29 September 1881
Lemberg, Galicia, Austria-Hungary (now Lviv, Ukraine)
Died 10 October 1973(1973-10-10) (aged 92)
New York City, New York, U.S.
Institution University of Vienna (1919–1934)
Institut Universitaire des Hautes Études Internationales, Geneva, Switzerland (1934–1940)
New York University (1945–1969)
School or
tradition
Austrian School
Influences Böhm-Bawerk, Menger, Wieser, Weber, Fetter, Schütz, Husserl, Turgot, Bastiat, Say, Kant
Influenced Anderson, Block, Buchanan, Hayek, Hazlitt, Hoppe, Huerta de Soto, Kirzner, Ron Paul, Rand Paul, Peterson, Raico, Reisman, Rockwell, Rothbard, Salerno, Keith Weiner, Peter Schiff, Schutz, Sennholz, Spitznagel, Tullock, Williams, Woods
Contributions

Ludwig Heinrich Edler von Mises (German: [ˈluːtvɪç fɔn ˈmiːzəs]; 29 September 1881 – 10 October 1973) was a theoretical Austrian School economist. Mises wrote and lectured extensively on behalf of classical liberalism. He is best known for his work on praxeology, a study of human choice and action.

Mises emigrated from Austria to the United States in 1940. Since the mid-20th century, the libertarian movement in the United States has been strongly influenced by Mises's writings. Mises's student, Friedrich Hayek, viewed Mises as one of the major figures in the revival of liberalism in the post-war era. Hayek's work, "The Transmission of the Ideals of Freedom" (1951) pays high tribute to the influence of Mises in the twentieth century liberal movement.

Mises's Austrian School was a leading group of economists. Many of its alumni, including Hayek and Oskar Morgenstern, emigrated from Austria to the United States and Great Britain. Mises has been described as having approximately seventy close students in Austria, and the Austrians as the insiders of the Chicago School of economics. The Ludwig von Mises Institute was founded in the United States to continue his teachings.

Ludwig von Mises was born to Jewish parents in the city of Lemberg, in Galicia, Austria-Hungary (now L'viv, Ukraine). The family of his father Arthur Edler von Mises had been elevated to the Austrian nobility in the 19th century (Edler indicates a noble landless family); they had been involved in financing and constructing railroads. Ludwig's mother, Adele (née: Landau), was a niece of Dr. Joachim Landau, a Liberal Party deputy to the Austrian Parliament. Arthur von Mises was stationed in Lemberg as a construction engineer with the Czernowitz railway company.

By the age of twelve, Ludwig spoke fluent German, Polish and French, read Latin, and could understand Ukrainian. Mises had a younger brother, Richard von Mises, who became a mathematician and a member of the Vienna Circle, and a probability theorist. When Ludwig and Richard were still children, their family moved back to Vienna.


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