Ludwig von Mises

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Ludwig von Mises

A major economist and philosopher. He promoted individualism as the basis for social science. Based on this belief, he advocated laissez faire policies and opposed nearly all government interventions in the economy. He was a proponent of the gold standard in monetary policy. He had significant influence of the Austrian School. He lived from 1881 to 1973.
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I actually named my cat Mises after free market economist Ludwig von Mises, who wrote on the ideas of free market economics.
He recounts the word's beginnings in the 1930s, when it was coined by Ludwig von Mises and Friedrich Hayek as a counter to meddling governments: 'Both exiles from Austria, they saw social democracy, exemplified by Franklin Roosevelt's New Deal and the gradual development of Britain's welfare state, as examples of a collectivism that occupied the same spectrum as Nazism and communism.
The characteristic feature of this age of destructive wars and social disintegration is the revolt against economics," stated Ludwig von Mises (1933, 1).
Ludwig von Mises analyzes dumping, or international price discrimination, in Human Action: A Treatise on Economics (1949), although he uses a different term, margin monopoly, to describe it.
Market entrepreneurship takes place within the context of exchange relations, or what Ludwig von Mises called "catallactics.
In Method, Process, and Austrian Economics: Essays in Honor of Ludwig von Mises.
Ludwig von Mises, the leading economist of the "Austrian School," established as far back as 1922 (1) that meaningful and useful economic and financial calculation requires a free market place where people--for whom governments work--can allocate their resources by selling and/or buying as they deem fit.
In contrast, Ron Paul-style libertarianism, guided by the insights of Ludwig von Mises and other Austrian economists, recognizes that any attempt to impose an integrated vision of government is doomed to failure.
In the 1920s Ludwig von Mises showed that socialist planning cannot determine prices without private ownership and market mechanisms.
Second, while the later contributions of Ludwig von Mises to entrepreneurial theory have been discussed, the early comments of his 1912 treatise are often passed over, and are a significant foil to Schumpeter's views.
One of them are the monetary and business cycle theories of Ludwig von Mises, which were subsequently refined by Friedrich von Hayek and other economists of the Austrian School of Economics (ASE).
Prychitko characterizes in the above quotation the practice blazed by Ludwig von Mises and Murray Rothbard as "a peculiar form of praxeology.