Ludwig von Mises
From Free Talk Live
Ludwig von Mises (1881-1973) was born in Lemberg, Galicia, Austria. Mises later on in life began deep studying in the phenomenon of economic growth, free markets, affects of credit expansion, and human action. He studied the economic teachings of Carl Menger and Eugen von Böhm-Bawerk, both famous contributors to the Austrian School of Economics. Mises would come to influence modern libertarian economic theory with his adherence to the gold standard and free markets. Mises built upon the Austrian School in the 20th century and brought it back from almost certain failure in the marketplace of ideas. His masterworks include but are not limited to the Anti-Capitalist Mentality, Socialism, Theory of Money and Credit, Omnipotent Government, Planning for Freedom, Theory and History, Bureaucracy, with Human Action being his most revered treatise.
Famous Quotations
"In nature there is nothing that could be called freedom. Nature is inexorable necessity."
"The characteristic mark of big business is mass production for the satisfaction of the needs of the masses. Under capitalism the workers themselves, directly or indirectly, are the main consumers of all those things that the factories are turning out."
"Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of mans human existence."
"The main and only concern of the Austrian economists was to contribute to the advancement of economics. They never tried to win the support of anybody by other means than by the convincing power developed in their books and articles."
