The Place of Economics in Learning

09/14/1949 Ludwig von Mises

Tags: Education

“The Place of Economics in Learning” is a chapter from Human Action. It provides an excellent overview of the Misesian worldview concerning economics. It touches on enough points — methodologically, educationally, politically — to invite and inspire further reading. It is a good introduction.

Meet the Author

Ludwig von Mises

Ludwig von Mises was the acknowledged leader of the Austrian school of economic thought, a prodigious originator in economic theory, and a prolific author. Mises’s writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy. His contributions to economic theory include important clarifications on the quantity theory of money, the theory of the trade cycle, the integration of monetary theory with economic theory in general, and a demonstration that socialism must fail because it cannot solve the problem of economic calculation. Mises was the first scholar to recognize that economics is part of a larger science in human action, a science that he called praxeology.

Wages, Unemployment, and Inflation

06/20/2024 Mises Daily Ludwig von Mises

There is only one way that leads to an improvement of the standard of living for the wage-earning masses, viz., the increase in the amount of capital invested. All other methods, however popular they may be, are not only futile, but are actually detrimental to the well-being of those they allegedly want to benefit.

Governments Never Give Up Power Voluntarily

03/01/2024 Mises Wire Ludwig von Mises

[A selection from Liberalism .] All those in positions of political power, all governments, all kings, and all republican authorities have always looked askance at private property. There is an...

The Real Meaning of Inflation and Deflation

01/02/2024 Mises Daily Ludwig von Mises

[Excerpted from Chapter 17 of Human Action.] The services money renders are conditioned by the height of its purchasing power. Nobody wants to have in his cash holding a definite number of pieces of...

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References

Mises, Ludwig von, “The Place of Economics in Learning,” in Human Action (Auburn, Ala.: Mises Institute, 1998), chap. 38, pp. 863–876.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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