Ludwig von Mises

Ludwig Heinrich Edler von Mises (; 29 September 1881 – 10 October 1973) was an Austrian–American Austrian School economist, historian, logician, and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism and the power of consumers. He is best known for his work in praxeology, particularly for studies comparing communism and capitalism, as well as for being an unyielding defender of classical liberalism in the face of rising illiberalism and authoritarianism throughout much of Europe during the 20th century.

Mises emigrated from Austria to the United States in 1940, fleeing from Nazi's who burnt down his library and forced him to leave the continent. Since the mid-20th century, libertarian movements, and the field of economics as a whole, have been strongly influenced by Mises' writings. Mises' student Friedrich Hayek viewed Mises as one of the major figures in the revival of classical liberalism in the post-war era. Hayek's work ''The Transmission of the Ideals of Freedom'' (1951) pays high tribute to the influence of Mises in the 20th-century libertarian movement. Contemporary economists, such as Tyler Cowen, list his writings as "...the most important works of the 20th century," and "...are among the most important economics articles, ever."

Mises's Private Seminar created a leading group of economists. Many of its alumni, including Friedrich Hayek and Oskar Morgenstern, emigrated from Austria to the United States and Great Britain. Mises has been described as having approximately seventy close students in Austria. Provided by Wikipedia