Ludwig Von Mises - A Primer

Institute of Economic Affairs, Occasional Paper 143

65 Pages Posted: 2 Jul 2010  

Eamonn Butler

Adam Smith Institute

Date Written: April 21, 2010

Abstract

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.

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

Suggested Citation

Butler, Eamonn, Ludwig Von Mises - A Primer (April 21, 2010). Institute of Economic Affairs, Occasional Paper 143. Available at SSRN: https://ssrn.com/abstract=1632974

Eamonn Butler (Contact Author)

Adam Smith Institute ( email )

23 Great Smith Street
London, SW1P 3BL
United Kingdom

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