The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Mises, Ludwig Edler von (1881–1973)

  • Murray N. Rothbard
Reference work entry


Mises was born in Lemberg, Austria-Hungary, on 29 September 1881 and died in New York City on 18 October 1973. The son of a Viennese construction engineer for the Austrian railroads, Mises enrolled in the University of Vienna in 1900. He earned his doctorate in law and economics in 1906, after which he became a leading member of Bӧhm-Bawerk’s famous seminar at the university. From 1913 to 1934, Mises taught as an unpaid Privatdozent at the University of Vienna, conducting a seminar on economic theory. From 1909 to 1934, he was an economist for the Vienna Chamber of Commerce, serving as the principal economic adviser to the Austrian government.


Austrian economics Bӧhm-Bawerk, E. von Business cycles Cash-balance analysis Central banking Cuhel, F. Currency School Equation of exchange Fractional reserve banking German Historical School Great Depression Hayek, F. A. von Inflation Laissez-faire Marginal utility of money Mises, L. E. von Money Money supply Neutrality of money Praxeology Price level Purchasing power parity Socialism Socialist calculation debate 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Murray N. Rothbard
    • 1
  1. 1.