Lawyer, Academic, Economist (1881-1973)
Ludwig von Mises was an Austrian economist most famous for his support of classical liberalism and his work on the study of human choice and action, otherwise known as praxeology.
Mises was born in Austria and he started his long and illustrious career at a law firm in Vienna. He also managed to find time to lecture on economics and, eventually, changed jobs when he joined the Vienna Chamber of Commerce and Industry in 1909. Shortly after, during the First World War, von Mises joined the Army as a front office in the artillery division and also offered his economic advisory services to the War Department.
In 1940 he emigrated to the USA, where his publications and teachings heavily influenced the libertarian movement that was stewing at the time. During his time as a university professor, Mises was credited as influencing many notable economists, including the leading Austrian school proponent Friedrich von Hayek. His teachings continue to this day in the USA via the Ludwig von Mises Institute.
“It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history. But though its policy has brought salvation for the moment, it is not of the kind which could promise continued success. Fascism was an emergency makeshift. To view it as something more would be a fatal error.’
– Ludwig von Mises