Ludwig von Mises

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Mises, Ludwig von


Born Sept. 29, 1881, in L’vov. American economist.

Mises graduated from the University of Vienna in 1906, where he was a professor from 1913 to 1938. During 1938–40 he worked in Switzerland; he moved to the United States in 1940, and in 1945 became a professor at New York University.

In works such as Socialism (1951) and The Anticapitalist Psychosis (1956), Mises emerges as an apologist for capitalism, proclaiming it to be a system that corresponds to human nature. An advocate of unrestricted freedom of competition, Mises rejects any attempts at government interference in the economy, taking the view that such interference disrupts the natural process of economic development. Many of Mises’ propositions are severely criticized even by bourgeois economists.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
ix-lv in Epistemological Problems of Economics, 3d ed., by Ludwig von Mises. Auburn, Ala.: Ludwig von Mises Institute.
Nurkse had studied in Vienna, where he came under the influence of Ludwig von Mises, Oskar Morgenstern, and especially Gottfried Haberler, who became Nurkse's life-long friend.
(9.) Murray Rothbard, Man, Economy, and State, with Power and Market (1962; repr., Auburn, AL: Ludwig von Mises Institute, 2009), 1023-24.
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.
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.
Economic Calculation in the Socialist Commonwealth, Auburn, AL: Ludwig von Mises Institute
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).
He is emeritus professor of economics at New York University, and he is a leading authority on Ludwig von Mises' thinking and methodology in economics.