MisesWiki:Featured article/Ludwig von Mises



Ludwig von Mises was one of the most notable economists and social philosophers of the twentieth century. In the course of a long and highly productive life, Mises developed an integrated, deduct­ive science of economics based on the fundamental axiom that in­dividual human beings act purposively to achieve desired goals. Even though his economic analysis itself was "value-free" — in the sense of being irrelevant to values held by economists – Mises concluded that the only viable economic policy for the human race was a policy of unrestricted laissez-faire, of free markets and the unhampered exercise of the right of private property, with government strictly limited to the defense of person and property within its territorial area. (more...) Edit this box