Mises Daily

Margit’s Years with Ludwig von Mises

Margit and Ludwig von Mises

[My Years with Ludwig von Mises • By Margit von Mises • Ludwig von Mises Institute (2007) • 191 pages. This review originally appeared in the Freeman, 1977.Download PDF]

Margit von Mises’s book about her husband, is, first of all, a deeply tender memoir of the human side of a genius. Though Mises was “Lu” to his devoted friends such as Henry Hazlitt and Larry Fertig, he was not a man to court intimacy. He could be beautifully, and even humorously, explicit about all manner of topics (who can forget his disquisition on the production — and resulting pleasures — of champagne?), but when it came to the topic of himself there was never a word. It was rumored that he had a weakness (someone said that he almost forgave the Austrian state for subsidizing opera,) but his relentless consistency about general ideas seemed to preclude private preoccupations. When he died in 1973 there were innumerable tributes to his work, but nothing much about him as a human being.

The desire to bring the real Mises closer to his friends became almost an obsession with Margit von Mises. She knew, as no one else did, her husband’s need for love and affection, and she also knew his hesitancies. As she says, they did not live in paradise. During a long engagement that virtually coincided with the protracted agonies of an Austria that was waiting for depression to end and Hitler to pounce, she suffered while Lu “fought himself.” She was deeply in love with him, but he had what to him was a frightening decision to make.

The work he had cut out for himself involved nothing less than the complete destruction of socialism as a respected system of ideas. He regarded his vocation as a priesthood. She had two children by a previous marriage who could be disruptive to a quiet home. Though he had time for diversions (they went mountain climbing together,) sometimes she did not see him for weeks. She spent time in London to refresh her English and to qualify as a translator of plays for the Viennese theater. He, knowing that Austria was doomed, left Vienna in 1934 to join Professor William Rappard’s faculty at the Institute des Hautes Etudes in Geneva.

“The percolation of ideas is an endlessly fascinating topic, and Margit von Mises adds scores of detail that will enable her readers to track the penetration of Mises’s philosophy to the most unlikely places.”

When, after innumerable separations, they were finally married, the result, for Margit, was a happy anti-climax: Lu adapted himself to marriage more quickly than she did. He never once referred to the thirteen years of their engagement during thirty-five years of subsequent marriage, a silence she still finds puzzling. Lu had a sometimes volcanic temper which had nothing to do with herself, but the contrast between them made him feel complemented. “I am the human touch in your life,” she said. “You are more than that,” he said, “you always are in a good mood.”

The History of Ideas

Margit Mises says her book will hardly answer any question about economics. Maybe not, but she answers at least a thousand questions about economic history. Her story will prove indispensable to anyone who wants to understand a migration of thought that may, in the end, be the saving of America and the whole western world. The convulsion that sent the living carriers of the Carl Menger Austrian School of economics to Geneva and London, to New York and Chicago, came at a time when Keynesianism had practically obliterated the classical liberal economics of the past.

It is perfectly true that statist economics had its native born enemies in the London of Lionel Robbins and in the Chicago of Henry Simons, Frank Knight and Milton Friedman. But what phenomenon had the effect of Mises’s famous seminar at New York University, which lasted from 1948 to 1969? Scores of young dissenters from the accepted Keynesian conventions sharpened their sense of economic logic at Mises’s feet. And they did much more than that. They also learned, as a letter quoted by Margit Mises explains, that “the realm of ethics is not something which is outside of that of economic action.” A jotting from a notebook (that of Jack Holman, a licensed engineer with a PhD in economics) has Mises saying

one of the indispensable prerequisites of a mastery of economics is a perfect knowledge of history, the history of ideas and of civilization. To know one field well, one must also know other fields.

Around the World

The percolation of ideas is an endlessly fascinating topic, and Margit von Mises adds scores of detail that will enable her readers to track the penetration of Mises’s philosophy to the most unlikely places. If Latin America is ever to come to its economic senses, Mises’s two months in Mexico, which Margit describes with great feeling, will have had much to do with it. And if Marx is ever to be abandoned in places now behind the Iron and Bamboo curtains, it will be because of Mises’s root perception that the problem of economic calculation is impossible to solve under socialism. Communism depends on its trade with free economies for its pricing tips, and if there were no cross-border traffic with the capitalist devil the very concept of socialist planning would become a shambles for lack of measuring rods.


This truth, set forth in a Mises book translated from the German with the English title Socialism made a profound impression on Hayek, Roepke and others who read it in the early twenties. This was a little before Margit’s introduction to Lu, but the story of the book’s influence on Hayek’s generation is covered in a tribute to Mises which Hayek contributes as an appendix to Margit’s memoir.

Human Action


For Hayek, Socialism still remains the “most memorable and decisive production of Professor Mises’s career.” But he thinks Human Action, which covers a wider field than political economy, will in the long run prove as important as Socialism has been. Margit Mises tells the whole story of the publication of Human Action in America. It was due to the unconventional boldness of Eugene Davidson that the Yale University Press dared to accept Human Action in spite of the Keynesian and Marxian shibboleths that prevailed on the campuses of the forties. After Davidson left New Haven to go to Chicago, Yale messed up a second edition of Human Action. Margit asks a pertinent question: Who was the guilty party causing the unbelievably bad printing job? Mises was deeply hurt by what he called “scandalous botchery.”


Margit Mises has an eye and an ear for character, and her book teams with colorful personalities: Leonard Read, Hans Sennholz, Henry Hazlitt, Larry Fertig, Murray Rothbard, Sylvester Petro, Percy and Bettina Greaves, Albert Hahn and Philip Cortney, all of whom were friends and many of them students of Mises. They appear and reappear as Margit Mises tells of her husband’s travels and seminars. Better than total recall, Margit Mises has significant recall. Her own story as a young actress on the stages of Vienna and Hamburg during World War I and after conjures up a pulsating picture of a forgotten world. She protests that she is an amateur writer, but she is actually as skilled as any professional. Those years when she was translating plays in Vienna have paid off.

This review originally appeared in the Freeman, 1977.


All Rights Reserved ©
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.

Become a Member
Mises Institute