Ludwig von Mises (29 Sept. 1881-10 Oct. 1973), economist and social philosopher, was born Ludwig Heinrich Edler von Mises in Lemberg, Austria-Hungary (today, Lviv, Ukraine), the son of Arthur von Mises, a railroad engineer and civil servant, and Adele von Mises, born Adele Landau. Von Mises was still a small boy when his family moved to Vienna. In 1892 he entered the Akademisches Gymnasium, where he received a humanistic education and befriended Hans Kelsen. Early on, von Mises was particularly interested in history and politics.

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This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped. Jorg Guido Hulsmann shows that deflation is nothing to fear. The government should permit it to happen as a path to economic recovery and even as a tool to reform. Institutions that are liquidated in deflation need to be liquidated, and that includes banks and other financial institutions as well.

Mises Institute, 2001, essay on the occasion of the 200th anniversary of his birth.

A Man of Principle: Essays in Honor of Hans F. Sennholz
John W. Robbins and Mark Spangler, eds.
Grove City, Pennsylvania: Grove City College Press, 1992.

From The Review of Austrian Economics Vol. 4 (1990): 26–54.

Israel M. Kirzner The Economic Calculation Debate: Lessons for Austrians Adobe Acrobat 6.0 Paper Capture Plug-in

Ludwig von Mises’s contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today, despite the fact that Mises succeeded exactly eight decades ago, while barely out of his twenties, in a task that still admittedly defies the best efforts of the most eminent of modern monetary theorists, viz., integrating monetary and value theory.

For roughly the first three quarters of the nineteenth century, the “liberal school” thoroughly dominated economic thinking and teaching in France.1 Adherents of the school were also to be found in the United States and Italy, and liberal doctrines exercised a profound influence on prominent German and British economists.

From The Review of Austrian Economics Vol. 6, No. 1, 1992.

Introduction to A History of Money and Banking in the United States: The Colonial Era to World War II by Murray N. Rothbard (Auburn: Mises Institute, 2002), pp. 7-44. Available as PDF document.