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Topic: Mises


In the News (Wed 15 Feb 12)

  
  Ludwig Edler von Mises, Biography: The Concise Encyclopedia of Economics: Library of Economics and Liberty
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.
From 1913 to 1934 Mises was an unpaid professor at the University of Vienna.
www.econlib.org /library/Enc/bios/Mises.html   (709 words)

  
 Book Review - Ludwig von Mises: The Man and His Economics   (Site not responding. Last check: 2007-10-25)
Mises stood alone through most of his life in defense of freedom and the free market, with very few allies, and in both Europe and America he was frequently ignored or ridiculed as an out-of-date extremist for laissez-faire.
Mises comes out of a different tradition, one that was widely held in Europe and highly respectable in the early decades of the 20th century.
Mises argued that the formulating of a perfect equilibrium state was a useful mental exercise, but secondary to the main task of economic analysis, which is to explain how markets actually work.
www.fff.org /freedom/1201f.asp   (1520 words)

  
 sociology - Ludwig von Mises
Ludwig von Mises (September 29, 1881 - October 10, 1973), a notable economist and social philosopher, was born Ludwig Heinrich Edler von Mises in Lemberg, Austria-Hungary (today Lviv, Ukraine), the son of Arthur von Mises, a railroad engineer and civil servant, and Adele von Mises, born Adele Landau.
Von Mises eventually found the time to synthesize the various strands of his work into a praxeological treatise when, in 1934, he was called to a chair in international economic relations at the Graduate Institute for International Studies in Geneva.
Lew Rockwell was inspired to found the Ludwig von Mises Institute in 1982 with the consent of von Mises' widow.
www.aboutsociology.com /sociology/Ludwig_von_Mises   (1138 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)

  
 The Ludwig von Mises Legacy: A Reality Check by J.H. Huebert
Mises Institute President Lew Rockwell reportedly claims that he believes the 1949 edition to be "more scholarly," but cynics observe that the main substantial differences between it and subsequent editions is that it lacks Mises’ criticism of Rothbard....
As you can read on the Mises Institute’s web site, Professor Rothbard was personally involved with the Institute during his lifetime, as director of its programs, and his ideas are still addressed frequently at their programs.
Maybe it’s because of a false perception that exists that the Mises Institute is "anti-immigration." A prominent libertarian economist once told me that the folks at the Mises Institute are a bunch of "racist snakes," with the sole basis for his conclusion apparently being their alleged anti-immigration stance.
www.lewrockwell.com /orig3/huebert2.html   (2082 words)

  
 ifeminists.com > introduction > Mises' Legacy to Feminism
Mises would argue that the only valid step in the foregoing ladder of logic is that men, as a class, share a common genitalia.
Mises questioned the very basis of class conflict theory, which rests upon the assumption that what benefits one class must injure another.
Mises theory of how society functions is based on classical liberal thought, which considers co-operation to occur only when both sides benefit from the exchange.
www.ifeminists.net /introduction/essays/mises.html   (3189 words)

  
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Mises was born and grew up during the high tide of the great “Austrian School”; of economics, and neither Mises nor his vital contributions to economic thought can be understood apart from the Austrian School tradition which he studied and absorbed.
Mises was also able to show that an early and long forgotten insight of Ricardo and his immediate followers was eminently correct: that, apart from the industrial or consumption uses of gold, an increase in the supply of money confers no social benefit whatsoever.
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)

  
 From Marx to Mises: A Review Essay   (Site not responding. Last check: 2007-10-25)
Mises' argument was supposedly demonstrated to lack the force it was once thought to have possessed.
What this lack of appreciation of the duality of the calculation argument demonstrates is that the positive propositions generated by Mises have not yet been fully accepted by the economics profession and the intellectual community at large, and, as a consequence, they are not influential on the political stage.
Steele presents Mises' ideas to the economics profession and intellectual community in such a careful and thoughtful manner that it is sure to invite investigation, criticism, and attempted refutation by skeptics in an open dialogue among concerned readers.
www.libertyhaven.com /thinkers/ludwigvonmises/marxmises.shtml   (2291 words)

  
 Who is Ludwig von Mises?
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   (3601 words)

  
 Mises and Psychiatry
Although formally Ludwig von Mises was an economist, it would be more accurate to view him as a political philosopher and, in particular, a defender of individual liberty based on private property and the rule of law.
Mises refrained from saying, outright, that having a delusion ought to be regarded as a fundamental human right, lest all disagreements with authority be disqualified as mental illnesses.
Mises strongly opposed -- in both Liberalism and Human Action -- the view that drug addictions are diseases and that it is the proper function of the state to punish such behaviors.
www.szasz.com /mises.html   (1521 words)

  
 Ludwig von Mises - Economic Insights - FRB Dallas
Mises was born in 1881 in Lemberg, Austria-Hungary.
Although Mises had a temporary appointment as lecturer and research associate professor at the University of California–Berkeley, he remained in New York because he thought it the country’s cultural center.
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   (3220 words)

  
 Mises on Money
Mises added an Epilogue, which began with these words: "Nothing is more unpopular today than the free market economy, i.e., capitalism." It ended with these words: "Not mythical 'material forces', but reason and ideas determine the course of human affairs.
Mises made his point unmistakably clear: "It was in this way that those goods that were originally the most marketable became common media of exchange." Mises therefore defined money as the most marketable commodity.
Mises was quite clear: "What has been said should have made sufficiently plain the unscientific nature of the practice of attributing to money the function of acting as a measure of price or even of value.
www.lewrockwell.com /north/north83.html   (5493 words)

  
 Mises Bio: The Online Library of Liberty
Ludwig von Mises was the acknowledged leader of the Austrian School of economic thought, a prodigious originator in economic theory, and a prolific author.
Ludwig von Mises (1881-1973) was the acknowledged leader of the Austrian School of economic thought, a prodigious originator in economic theory, and a prolific author.
Mises was the first scholar to recognize that economics is part of a larger science in human action, a science which Mises called "praxeology".
oll.libertyfund.org /Intros/Mises.php   (800 words)

  
 LUDWIG VON MISES
Mises, in his book "Socialism" made the argument that a socialist state would not have the necessary information to calculate the best use of the resources at its disposal.
Mises shows that the German pattern of socialism was not invented by the Nazis, but was consistent with the policy of war socialism carried out by the German government during World War I. Mises describes the situation:
Mises points out that with compulsory, tax-funded education, the dominant elements in each local community would attempt to control the public schools to ensure dominance of their language.
www.antiwar.com /berkman/mises.html   (3906 words)

  
 Batman and Mises: Discovery of the Boulder Letters
Mises' wife Margit would later write, "On the night the Nazis came to Vienna" they took "his valuable library, his writings, his documents and everything they found of importance, packed it all into 38 cases, and drove away."
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' 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)

  
 REVIEW OF MISES
Characteristically, Mises has no patience with those who seemingly feign ignorance of economics in order to bolster their case for central control or those who flaunt their ignorance in some misdirected criticism of the business community.
Mises identifies institutions that preserve ownership rights and maintain a sound monetary system as the essential prerequisites for encouraging saving, which finances capital accumulation, which makes labor productive, which maintains high living standards for the Western nations and distinguishes them from the underdeveloped nations.
Mises argues in terms of this either-or choice with great rhetorical effect using both overstatement and understatement.
www.auburn.edu /~garriro/r14mises.htm   (965 words)

  
 Marx, Mises and Socialism   (Site not responding. Last check: 2007-10-25)
Mises pointed out that there was a fundamental difference between factory organization within a market framework and the conscious organization of the entire economic system.
Sweezy believes that skilled labor is simply a multiple of unskilled labor whose value is determinable outside of the market by, for example, placing two men on the same assembly line and then measuring their values in terms of their outputs.
Mises is never mentioned, nor the possibility of socialism ever questioned.
www.libertyhaven.com /thinkers/ludwigvonmises/misessocialism.html   (2438 words)

  
 Ludwin von Mises / Biography
Mises was the eldest of the three boys in his family.
Mises’ first serious attack on Communism was in a 1920 article, which two years later appeared in his book, called “Socialism.” In it, he explained that if the Communists wanted to make all property communal, this led to no competition for goods and services, no market prices, and no profit and loss system.
Mises was neither bitter nor resentful, as he carried on his fight for Austrian economics and freedom.
www.cooperativeindividualism.org /misesbio.html   (1114 words)

  
 Mises and Hayek: Champions of Economic Liberty
Mises and Hayek understood the free market’s necessity for promoting social cooperation, rational calculation, transmission of knowledge, and a market order far more complex and successful than any deliberate creation of a central planner.
Rather, argued Mises, societies are formed voluntarily, with each member’s interests in mind; each person benefits from division of labor and economic cooperation with others.
Mises understood that a regulation-free market is the only alternative to socialism’s inescapable failures.
rationalargumentator.com /MisesHayek.html   (1675 words)

  
 Amazon.com: Socialism: An Economic and Sociological Analysis: Books: Ludwig von Mises,Ludwig von Mises   (Site not responding. Last check: 2007-10-25)
Mises makes it clear that socialism, the so called economic system of the future, is anti-social and incompatible with human nature.
As Mises put it economic calculation "is essentially a matter for the capitalists- the capitalists who buy and sell stocks and shares, who make loans and recover them, who make deposits in the banks and draw them out of the banks again, who speculate in all kinds of commodities".
This is because Mises dealt with the real life problems of a dynamic economy, while much of modern economics focuses on static models that apply only to imaginary economic conditions.
www.amazon.com /Socialism-Sociological-Ludwig-von-Mises/dp/0913966622   (2659 words)

  
 Mises Archives
Among those victimized was Ludwig von Mises (1881-1973), among the most important classical liberals and economists of the century.
As the leader of the Austrian School, he was the first economist to write a full-scale refutation of socialist economics, predicting in 1921 the precise nature of its failure.
The Mises papers, brought to American attention by Richard Ebeling of Hillsdale College, may all be available in the West within two years.
www.hanshoppe.com /publications/misesarchive.php   (660 words)

  
 The Discovery of the Lost Papers of Ludwig von Mises   (Site not responding. Last check: 2007-10-25)
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.
Mises had kept some of the papers relating to his work at the Austrian Chamber of Commerce, including memoranda and reports he had prepared on the monetary and financial problems in Austria during the Great Depression.
Mises not only kept many of the letters he received, he also kept carbon copies of his replies, so the correspondence is complete.
www.fff.org /comment/ed0397e.asp   (2341 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)

  
 How to be a value-free advocate of laissez faire: Ludwig von Mises's solution American Journal of Economics and ...
LUDWIG VON MISES MAINTAINED THAT PRAXEOLOGY (the logic of human action) and economics (the logic of action applied to particular circumstances) are value free.
In the field of society's economic organization there are the liberals advocating private ownership of the means of production, the socialists advocating public ownership of the means of production, and the interventionists advocating a third system which, they contend, is as far from socialism as it is from capitalism.
It is worth noting that Mises uses the term "socialism" here to refer to both an ideology and a system.
www.findarticles.com /p/articles/mi_m0254/is_3_64/ai_n15627633   (915 words)

  
 Amazon.com: Human Action: A Treatise on Economics: Books: Ludwig von Mises   (Site not responding. Last check: 2007-10-25)
To answer these questions is to understand the special place in history of Ludwig von Mises, and the special place in the body of his works of this truly magnificent achievement.
Mises describes that work as the book that made an economist of him, and it's a much quicker read than any of the three major treatises I've named.
To Mises, ultimately, all economic laws were derived from the incontestable axiom that, trivially enough, humans act, choosing between alternatives in a finite universe.
www.amazon.com /Human-Action-Ludwig-von-Mises/dp/0930073185   (2553 words)

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