Author

Ludwig von Mises

· Austrian economist, leading figure of the Austrian school

Short biography: Ludwig von Mises in Great Lives

About Ludwig von Mises

Ludwig von Mises (1881–1973) was an Austrian economist, born in Lemberg (now Lviv, Ukraine), and a leading figure of the Austrian school. He taught at the University of Vienna and for many years ran a private seminar there while serving as an economist at the Vienna Chamber of Commerce. He wrote The Theory of Money and Credit (1912), Socialism (1922) and Human Action (1949). He left Vienna for Geneva in 1934, emigrated to the United States in 1940, and was a visiting professor at New York University from 1945 to 1969.

Notable works

On this site

Economic Calculation in the Socialist Commonwealth

1920 · Early 20th Century · Political Theory

Economic Calculation in the Socialist Commonwealth is a long article by the Austrian economist Ludwig von Mises, published in German in 1920 in the Archiv für Sozialwissenschaft und Sozialpolitik. It argues that a fully socialist economy, in which the state owns all the means of production, cannot calculate rationally, and it began one of the most important controversies in twentieth-century economics.

Socialism: An Economic and Sociological Analysis

1922 · Early 20th Century · Political Theory

Socialism: An Economic and Sociological Analysis is Ludwig von Mises's comprehensive critique of socialist thought, published in German in 1922 as Die Gemeinwirtschaft and revised in 1932. J. Kahane's English translation appeared in London in 1936; Yale University Press reissued it in 1951 with an epilogue, and the Liberty Fund edition of 1981 added a foreword by F. A. Hayek.

Liberalism

1927 · Early 20th Century · Political Theory

Liberalism is Ludwig von Mises's short statement of the classical liberal program, published in German as Liberalismus in 1927. Ralph Raico translated it into English in 1962 under the title The Free and Prosperous Commonwealth; later editions restored the title Liberalism, adding the subtitle In the Classical Tradition.

Bureaucracy

1944 · Postwar Contemporary · Political Theory

Bureaucracy is a short book by Ludwig von Mises, published by Yale University Press in 1944, four years after he arrived in the United States. Written in English for American readers, it examines the difference between the way businesses and government agencies are managed, at a time when the New Deal and wartime controls had greatly expanded the federal administration.