Людвиг Мизес

More than thirty years ago F. A. Hayek said of Socialism: “It was a work on political economy in the tradition of the great moral philosophers, a Montesquieu or Adam Smith, containing both acute knowledge and profound wisdom. . . . To none of us young men who read the book when it appeared was the world ever the same again.” This is a newly annotated edition of the classic first published in German in 1922. It is the definitive refutation of nearly every type of socialism ever devised. Mises...

The present volume is devoted to some of Mises’s earliest writings. As with the second volume in the series, the articles that compose this book include Mises’s policy memoranda, essays, and speeches that were found in a formerly secret KGB archive in Moscow. The articles have two primary focuses: First, they reveal Mises’s thoughts on the monetary, fiscal, and general economic policy problems of the Austro-Hungarian Empire before and during World War I; and second, they focus on his thoughts on...

In Human Action, Mises starts from the ideas set forth in his Theory and History that all actions and decisions are based on human needs, wants, and desires and continues deeper and further to explain how studying this human action is not only a legitimate science (praxeology) but how that science is based on the foundation of free-market economics.Mises presents and discusses all existing economic theories and then proceeds to explain how the only sensible, realistic, and feasible theory of...

Theory and History is primarily a critique of Karl Marx, his materialism, and his prediction of the inevitability of socialism. Marx attributes the creation of tools and machines, as well as the economic structure of society, to undefined “material productive forces.” Mises rejects this materialistic view; he points out that tools and machines are actually created by individuals acting on the basis of non-materialistic ideas.This book discusses the theory of economics, i.e., the study of...

In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine.Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian School of economics...

Economic Policy contains six lectures Ludwig von Mises delivered in 1959 for the Centro de Estudios sobre la Libertad in Argentina. The lectures were posthumously edited by Mises’s wife, Margit, and George Koether, a student and long-time friend of Mises. This volume serves as an excellent introduction to what Mises sees as the simple truths of history in terms of economic principles. In straightforward language, Mises explains topics such as capitalism, socialism, interventionism, inflation,...

Interventionism provides Mises’s analysis of the problems of government interference in business from the Austrian school perspective. Written in 1940, before the United States was officially involved in World War II, this book offers a rare insight into the war economies of Hitler’s Germany and Mussolini’s Italy. Mises criticizes the pre–World War II democratic governments for favoring socialism and interventionism over capitalist methods of production. Mises contends that government’s economic...

This book presents the theoretical and practical arguments for liberalism in the classical tradition as defined by Mises as “the liberal doctrine of the harmony of the rightly understood interests of all members of a free society founded on the principle of private ownership of the means of production.” The foundation of liberalism, Mises says, rests on an understanding and appreciation of private property, social cooperation, the freedom idea, ethics and morality, democracy, and the legitimate...

The three treatises in On the Manipulation of Money and Credit were written in German between 1923 and 1931. Together they include some of Mises’s most important contributions to monetary and trade-cycle theories and constitute a precursor to Mises’s major work, Human Action.Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century.Bettina Bien Greaves is a former resident scholar and trustee of the Foundation for Economic...

First published in German in 1933 and in English in 1960, Epistemological Problems of Economics presents Ludwig von Mises’s views on the logical and epistemological features of social interpretation as well as his argument that the Austrian theory of value is the core element of a general theory of human behavior that transcends traditional limitations of economic science.This volume is unique among Mises’s works in that it contains a collection of essays in which he contested the theories of...

Essential to Mises’s concept of a classical liberal economy is the absence of interference by the state. In World War I, Germany and its allies were overpowered by the Allied Powers in population, economic production, and military might, and its defeat was inevitable.Mises believed that Germany should not seek revenge for the peace of Versailles; rather it should adopt liberal ideas and a free-market economy by expanding the international division of labor, which would help all parties. “For us...

В книге представлена неотразимая критика политических, социальных и экономических идеологий, определявших историю Западной Европы и США в течение последних 200 лет. Автор подробно анализирует, как в специфических исторических и географических обстоятельствах в Германии эти идеологии (этатизм и национализм) породили стремление к автаркии и завоеванию требующегося для этого «жизненного пространства», став причиной Второй мировой войны, а также как те же самые идеологии помешали другим...