The Austrian theory of money virtually begins and ends with Ludwig von Mises’s monumental Theory of Money and Credit , published in 1912. Mises’s fundamental accomplishment was to take the theory of marginal utility, built up by Austrian economists and other marginalists as the explanation for consumer demand and market price, and apply it to the
[From The Meaning of Ludwig von Mises: Contributions in Economics Sociology, Epistemology, and Political Philosophy , edited by Jeffrey M. Herbener (Mises Institute/Kluwer: 1993), pp. 193-208.] In contemplating the life and career of Ludwig von Mises, one is struck by the nobility and grandeur, the high courage, of his lonely and lifelong struggle
Volume 8, No. 2 (Summer 1995) The Alleged Self-Evidence of Equality One of the great glories of mankind is that, in contrast to other species, each individual is unique, and hence irreplaceable; whatever the similarities and common attributes among men, it is their differences that lead us to honor, or celebrate, or deplore the qualities or
New Individualist Review (Summer 1961): 3-7; The Logic of Action Two (Cheltenham, UK: Edward Elgar , 1997), pp . 171-179. An edition that preserves the Logic pagination in PDF is
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.