"Let's celebrate the prodigious life of Lu Mises, a life in which he fused crowning insight on how the world tackles the law of scarcity, with lifelong moral courage."
Decade after decade, he fought militarism, protectionism, inflationism, every variety of socialism, and every policy of the interventionist state, writes Ralph Raico.
The Revolution had a radical libertarian impact on American society: in abolishing feudal land tenure, in establishing religious freedom, and in beginning the process of the abolition of slavery.
Los conceptos centrales de la economía austriaca contemporánea —la acción humana, los medios y los fines, el valor subjetivo, el análisis marginal, el individualismo metodológico— provienen de la obra pionera de Menger.
The core concepts of contemporary Austrian economics—human action, means and ends, subjective value, marginal analysis, methodological individualism—all flow from Menger's pathbreaking work.
Misesian economics is a foremost threat to the state for it explains the working of the natural order of society and the crippling effects of state interference.
