Ludwig Von Mises - A Primer
Adam Smith Institute
April 21, 2010
Institute of Economic Affairs, Occasional Paper 143
Ludwig von Mises was one of the greatest economists and political scientists of the twentieth century. He revolutionized the understanding of money, inflation and recessions; comprehensively refuted the arguments for socialism; and provided a devastating critique of the methodologies of mainstream economics. His contributions to the Austrian School laid the intellectual groundwork for thinkers such as F. A. Hayek, Murray Rothbard and Israel Kirzner.
In Ludwig von Mises – A Primer, Eamonn Butler provides a comprehensive yet accessible overview of Mises’ outstanding achievements. At a time of economic crisis, this monograph makes it clear that Mises’ work is highly relevant today. Indeed, while mainstream economics has been found wanting, the latest recession appears to have been entirely consistent with his analysis. Furthermore, the poor performance of state health and education services can be explained by Mises’ Austrian theories. Nevertheless, Mises remains neglected by the economics profession, policymakers and academics. This readable primer explains why his work should be at the core of economic thinking.
Number of Pages in PDF File: 65
Keywords: Ludwig von Mises, Austrian economics, Austrian School, Eamonn Butler, praxeology, credit cycle, malinvestment, time preference
JEL Classification: A10, B20, B31, B41, E40, E50, H11, P10, P21, P22
Date posted: July 2, 2010