In this episode, Guido Hülsmann, author of Mises’s biography The Last Knight of Liberalism, highlights the life and work of Ludwig von Mises (1881–1973), arguably the greatest economist of all time. Very early in his career, Mises was influenced by Carl Menger and Eugen von Böhm-Bawerk to turn away from the Historicist approach and to pursue studies in economic theory.
Among Mises's many contributions, Hülsmann discusses the socialist calculation debate, Mises’s battle against inflation, and the argument that economics is part of a larger science called Praxelogy. Mises revolutionized the theory of money, developing a full explanation of money prices and the consequences of money production.
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Jörg Guido Hülsmann is senior fellow of the Mises Institute where he holds the 2018 Peterson-Luddy Chair and was director of research for Mises Fellows in residence 1999-2004. He is author of Mises: The Last Knight of Liberalism and The Ethics of Money Production. He teaches in France, at Université d'Angers. His full CV is here.
