Introduction: The Economist as System Builder: Ludwig Von Mises and the Architect of Economic Science and Political Economy
Boettke, Peter J. and Leeson, Peter T., eds. 2006. The Legacy of Ludwig von Mises Volume 1: Theory. Northampton: Edward Elgar, pp. xi-xx.
11 Pages Posted: 19 Jun 2015
Date Written: 2006
In this introduction sketch the architecture of Mises' economics and political economy. Mises' overarching program is one of examining exchange (economic science) and the institutions within which exchange takes place (political economy). In recent years the economics profession has moved considerably in the direction that Mises pointed to some 50 years ago. The increasing recognition of the role for private property and entrepreneurship in securing economic development as well as the acknowledgement of the failure of central planning point to an important opportunity for a renaissance of Misesian political economy, with its emphasis on social cooperation, market process, and spontaneous order.
Keywords: Ludwig von Mises, political economy, praxeology
JEL Classification: B31, B41, B53, P5
Suggested Citation: Suggested Citation