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Topic: Ludwig von Mises


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In the News (Wed 8 Oct 08)

  
  LUDWIG VON MISES
Ludwig von Mises was born in 1881, in Lemberg and grew up as a subject of the Austro-Hungarian Empire.
Ludwig von Mises was therefore in the second generation of Austrian School economists.
Ludwig von Mises spent much if not most of his time speaking and writing in opposition to the statist trends that engulfed the world during his life-time.
www.antiwar.com /berkman/mises.html   (3906 words)

  
 LUDWIG VON MISES
Mises transformed his insights about forced saving and malinvestment into a theory of the business cycle by recognizing the unsustainability of production activities that are based upon a low bank rate.
Mises' formulation advanced the circulation-credit theory by showing that credit expansion is unsustainable even in a closed economy—or in an open one in which the banks of all countries expand together.
In sum, Mises saw the boom as a consequence of unenlightened bank policy, a period of artificial and unsustainable expansion, in which capital and other resources are committed to excessively roundabout production processes, and he saw the bust as the inevitable consequence of the credit-induced boom.
www.auburn.edu /~garriro/e3mises.htm   (1515 words)

  
 Ludwig von Mises - Economic Insights - FRB Dallas
Ludwig Elder von Mises’ life was testament to the saying that one man with courage makes a majority.
Mises was born in 1881 in Lemberg, Austria-Hungary.
In 1920 Mises wrote the article that triggered the so-called socialist calculation debate, in which he (and later, other Austrian theorists—notably Hayek) claimed socialism was doomed because of its inability to rationally allocate resources.
www.dallasfed.org /research/ei/ei0104.html   (3219 words)

  
 Biography of Ludwig von Mises (1881-1973)
Mises became prominent post-doctoral student in the famous University of Vienna seminar of the great Austrian economist Eugen von Bohm-Bawerk (among whose many accomplishments was the devastating refutation of the Marxian labor theory of value).
Mises, and his follower Hayek, developed this cycle theory during the 192Os, on the basis of which Mises was able to warn an unheeding world that the widely trumpeted “New Era” of permanent prosperity of the 192Os was a sham, and that its inevitable result would be bank panic and depression.
Mises also developed what he considered to be the proper methodology of economic theory--logical deduction from evident axioms, which he labeled “praxeo­logy”;, and he leveled trenchant critiques of the growing tendency in economics and other disciplines to replace praxeology and histor­ical understanding by unrealistic mathematical models and statistical manipulations.
www.mises.org /mises.asp   (3595 words)

  
 Ludwig Edler von Mises, Biography: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Ludwig von Mises was one the last members of the original Austrian school of economics.
Mises was also a strong proponent of laissez-faire; he advocated that the government not intervene anywhere in the economy.
Mises was rare, for someone of his stature within the economics profession, in not having a paying academic job for much of his professional life.
www.econlib.org /library/Enc/bios/Mises.html   (709 words)

  
 Ludwig von Mises, Life & Times
Mises presented a strong defense of a gold standard: "The excellence of the gold standard is to be seen in the fact that it renders the determination of the monetary unit's purchasing power independent of the policies of governments and political parties.
Mises, "I got in touch with Anne O'Hare McCormick, my colleague on the TIMES, who as you know was the chief writer on foreign affairs for the TIMES then, and she suggested that I get in touch with Breckinridge Long, then Assistant Secretary of State, and in charge of the refugee problem.
Mises attacked nationalism which, combined with socialism, proved to be lethal: "It is the aim of nationalism to promote the well-being of the whole nation or of some groups of its citizens by inflicting harm on foreigners.
www.libertystory.net /LSTHINKMISESLIFE.htm   (9796 words)

  
  Libertarianz - Ludwig von Mises
When Ludwig Heinrich Edler von Mises died in New York City in 1973 at the age of 92, there was no front-page obituary in the New York Times.
Mises was born in 1881 in the Austro-Hungarian city of Lemberg, the son of a successful engineer.
In the intellectually stimulating atmosphere of the University of Vienna, the young Mises studied in the tradition of the founder of the Austrian School, Carl Menger.
www.libertarianz.org.nz /?hero=4   (139 words)

  
 [No title]
Ludwig von Mises was born on September 29, 1881, in the city of Lemberg,2 then part of the Austro-Hungarian Empire, where his father, Arthur Edler von Mises, a distinguished construction engineer working for the Austrian railroads, was stationed temporarily.
Never would Ludwig von Mises bend to the winds of change that he saw to be unfortunate and disastrous; neither changes in political economy nor in the discipline of economics could bring him to swerve a single iota from pursuing and propounding the truth as he saw it.
Mises would pour forth an endless stream of fascinating anecdotes and insights, and we well knew that in those anecdotes and in the very aura and person of Ludwig von Mises we were all seeing an embodiment of the Old Vienna of a far nobler and more charming day.
www.libertarianpress.com /rothbard/essential/toc.htm   (11120 words)

  
 George Reisman's Blog on Economics, Politics, Society, and Culture: Ludwig von Mises: Defender of Capitalism
Mises was my teacher and mentor and the source or inspiration for most of what I know and consider to be important and worthwhile in these fields—of what enables me to un­derstand the events shaping the world in which we live.
Mises identified the existence of planning under capitalism, the fact that it is based on prices (“economic calculations”), and the fact that the prices serve to coordinate and harmonize the activities of all the millions of separate, independent planners.
Mises was a consistent champion of the self-made man, of the intellectual and business pioneer, whose activities are the source of progress for all mankind and who, he showed, can flour­ish only under capitalism.
georgereisman.com /blog/2006/09/ludwig-von-mises-defender-of_29.html   (2881 words)

  
 Ludwig von Mises
Mises states: "Socialism was the great panacea, but it seemed that nobody really knew what it meant and how to bring it about properly." So, they confessed that they did not know what to do and that was the end of that Revolutionary government in Germany.
In conclusion, Mises writes: "Socialism is for the peoples of the industrial world no longer a living force." In this he voices his opinion, and the opinion of the convinced reader that socialism is dead.
Mises was too harsh in saying that the people that live under socialist regime are animals, but he was right in the fact that choice is taken away from them.
www.bu.edu /econ/faculty/kyn/newweb/economic_systems/Theory/NonMarx_Socialism/Soc_Contraversy/mises_by_sorokko_lg.htm   (890 words)

  
 The Dark Wraith Forums
Ludwig von Mises brought to the 20th Century the "Classical" school of economics that had been broadly and deeply outlined by the founders and early thinkers in the discipline, men like Adam Smith and David Ricardo.
Ludwig von Mises ensured that these pivotal, deep understandings were with us as the 20th Century brought forth great change and, therefore, great challenges to economics as a useful tool of modernity.
Ludwig von Mises's general theory of money, itself, later came to be a focused school of thought called "monetarism," and one of its chief proponents would achieve fame and a Nobel Prize perhaps in part on the misguided notion that he, and not Ludwig von Mises, comprehensively set forth the theory.
www.dark-wraith.com /2006/09/ludwig-von-mises.html   (3434 words)

  
 The Tenacity Of Ludwig Von Mises
Ludwig von Mises (1881-1973) is not widely regarded as a major figure of twentieth-century economic theory.
The Mises Institute is an institutional witness to his significance.
Mises never stopped saying in print that the dominant economic ideas of his era were all tainted to one degree or other with the irrationalism of socialism.
www.lewrockwell.com /north/north55.html   (1397 words)

  
 Ludwig von Mises: Defender of Capitalism
Von Mises was my teacher and mentor and the source or inspiration for most of what I know and consider to be important and worthwhile in these fields—of what enables me to understand the events shaping the world in which we live.
Von Mises identified the existence of planning under capitalism, the fact that it is based on prices (“economic calculations”), and the fact that the prices serve to coordinate and harmonize the activities of all the millions of separate, independent planners.
Von Mises was a consistent champion of the self-made man, of the intellectual and business pioneer, whose activities are the source of progress for all mankind and who, he showed, can flourish only under capitalism.
www.capitalism.net /Ludwig%20von%20Mises%20Defender%20of%20Capitalism.html   (2850 words)

  
 Ludwig von Mises (1881-1973): A Prophet Without Honor in His Own Land   (Site not responding. Last check: 2007-11-07)
Mises, by then a government adviser, and Wilhelm Rosenberg, a lawyer friend who was an expert in financial questions, convinced Seipel that for the good of the people the printing of superfluous banknotes should be stopped.
Mises himself, foreseeing the threat of Hitler's totalitarian regime, left Vienna in 1934 to take a position at the Graduate Institute for International Studies in Geneva, Switzerland, although still retaining his old apartment in Vienna and his professional ties with the Institute for Business Cycle Research and with the Chamber of Commerce.
Margit in Vienna managed to telegraph Ludwig, by then back in Geneva, "no need to come." She and her daughter, Gitta (Margit's son was already out of the country, studying in England), finally succeeded in obtaining the necessary papers and railroad tickets, left Austria and traveled to Switzerland, where Margit and Ludwig were quietly married.
www.libertyhaven.com /thinkers/ludwigvonmises/prophet.html   (2648 words)

  
 Ludwig von Mises / Biography
When Professor Ludwig von Mises died at the age of 92, the world lost an intellectual giant who was perhaps the most articulate, consistent and courageous defender of liberty and the free market that modern times have known.
However, like all the truly great scholars, Mises has left the world an amazing abundance of knowledge in his many works; works that generations yet to come will continue to benefit from, and from which those generations can trace the evolution of his lifetime of scholarship.
Here is Mises' science of praxeology (the economics discipline broadly defined) or the study of human action laid out for all to see and to appreciate.
www.cooperativeindividualism.org /misesbio2.html   (1060 words)

  
 The Discovery of the Lost Papers of Ludwig von Mises
Ludwig von Mises was the most important free-market economist and philosopher of liberty of the 20th century.
Ludwig von Mises died in New York in 1973, having become an American citizen, never knowing that the ideological heirs of Karl Marx in Moscow had done everything possible to assure that his lost papers were in proper and protected order.
Richard Ebeling is the Ludwig von Mises Professor of Economics at Hillsdale College in Michigan and serves as vice president of academic affairs at The Future of Freedom Foundation in Fairfax, Va.
www.fff.org /comment/ed0397e.asp   (2341 words)

  
 LUDWIG VON MISES: FROM HISTORICIST TO PRAXEOLOGIST
Mises was not against the use of understanding in history because, of course, history requires presuppositions in the form of the subjective perspective of the researcher.
Mises said that action was a category of the mind, in a Kantian sense, that was required in order to experience phenomenal reality (i.e., reality as it appears to us).
Mises’ economic science is deductive and based on laws of human action that he contends are as real as the laws of nature.
www.quebecoislibre.org /04/040615-9.htm   (1184 words)

  
 Ludwig von Mises’ Legacy for Feminists: Publications: The Independent Institute
The name of the eminent Austrian economist Ludwig von Mises does not commonly arise in feminist circles, which tend to view the free market as an institution through which men as a class oppress women as a class.
Mises called static classes that labor under legal disabilities “castes.” Castes are created when legal barriers are raised to cement people into a class and prevent social mobility.
Mises would argue that the only valid step in the foregoing ladder of logic is that men, as a class, share a common anatomy.
www.independent.org /publications/article.asp?id=18   (3238 words)

  
 Ludwig von Mises - Liberal Thinkers - Liberalism
Ludwig Heinrich Edler von Mises was strongly influenced and stimulated by the "Austrian School of Economics" (Menger, Böhm-Bawerk, etc.) during his studies at the Vienna University.
Until his death Ludwig von Mises fought against statism and government regulation and for individual liberty and market economy.
Ludwig von Mises: The Man and His Economics.
www.liberal-international.org /editorial.asp?ia_id=674   (298 words)

  
 Batman and Mises: Discovery of the Boulder Letters
The Ludwig von Mises Institute (LvMI) notes Mises fled the Nazis in 1938, went to Switzerland, and then emigrated to the United States in 1940.
Mises' intellectual lineage extends to Boulder via economist John Valentine Van Sickle, who left his Harvard economics studies to volunteer for the Army during WWI.
Mises' 1944 book, Omnipotent Government: The Rise of Total State and Total War, is described by LvMI as "the first full-scale examination of German-style National Socialism as a species of socialism in general." Hatred of totalitarianism and overreaching state power is seared into the libertarian psyche.
www.freecolorado.com /2004/06/misesletters.html   (2166 words)

  
 Ludwig von Mises Praxeology and Economics Page
Ludwig von Mises was the last internationally recognized head of the "Austrian" school of economics.
According to Mises the main goal of economics is to elucidate entrepreneurship, the procedures human actors use to cause the economic functions of production, consumption, saving, and factor-supplying to be performed in a market economy.
Following Mises, it shows how the new subjectivism is derived from the old subjectivism, or the subjective theory of value, and how it is a revolution against both positivism and elitism in economics.
www.gunning.cafeprogressive.com /welcmise.htm   (797 words)

  
 Ludwig Edler von Mises (1881-1973)
udwig von Mises was born to a wealthy Austrian banking and merchant family in Lemberg, Austria 1881.
Von Mises attended the University of Vienna where he received his doctorate degree in law and economics in 1906.
Why Ludwig von Mises is important to the ideals of freedom: Ludwig von Mises understood that socialism, with its unrealistic, mistaken, and naïve assumptions about economic forces and human nature, is ultimately doomed to failure no matter how it is implemented.
unix.dfn.org /printer_af_VonMises.shtml   (266 words)

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