Such techniques are an obvious parallel to the approaches taken by scholars throughout the classical liberal and Austrian traditions such as Adam Smith, Carl Menger, Ludwig von Mises
, and F.A.
ix-lv in Epistemological Problems of Economics, 3d ed., by Ludwig von Mises
. Auburn, Ala.: Ludwig von Mises
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
, 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
He is also a Senior Fellow at the Ludwig von Mises
Institute and member of the Mont Pelerin Society.
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).