Austrian-American economist (1881–1973)
Austrian economist who spent the 20th century arguing that free markets and consumer choice beat central planning. Mises built an entire philosophical framework—praxeology—around why capitalism works and communism doesn't.
Ludwig Heinrich Edler von Mises was an Austrian and American political economist and philosopher of the Austrian school. Mises wrote and lectured extensively on the social contributions of classical liberalism and the central role of consumers in a market economy. He is best known for his work in praxeology, particularly for studies comparing communism and capitalism, as well as for being a defender of classical liberalism in the face of rising illiberalism and authoritarianism throughout much of Europe during the 20th century.
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