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Ludwig von Mises Defender of the Free MarketLudwig von Misis thoughts on human behavior socialism and money and credit have had a major impact on economic thought He championed true free markets and is seen as a defender of liberty Former President of the United States Ronald Reagan said Ludwig von Mises was one of the greatest economic thinkers in the history of Western Civilization Through his seminal works he rekindled the flames of liberty As a wise and kindly mentor he encourages all who sought to understand the meaning of freedom We owe him an incalculable debtMises Institute The remainder of this paper will outline the life of Ludwig von Mises This will be accomplished by describing the social political technical and economic environment that influenced his ideas A description of his major ideas in economic thought will be presented Next the people and ideas that influenced his approach to economics will be addressed Finally the paper will conclude with an assessment of Ludwig von Mises contributions to economic thoughtOverview of the Life of Ludwig von MisesLudwig von Misis was born on September 29 1881 in Lemberg Austria He attended a private elementary school the public Akademishe Gymnasium in Vienna from1892 to 1900 In 1900 Mises entered the University of Vienna On February 201906 he received a Dr Jur degree a Doctor of both Canon and Roman Laws from the University of Vienna When Mises attended the University it had no separate economics department the only way to study economics was through law Mises Institute From 1907 to 1914 Mises was employed as an advisor to the Austrian Chamber of Commerce His first major thesis the Theory of Money and Credit was published in 1912 In 1913 Mises was awarded the position of Privatdozent unsalaried lecturer at the University of Vienna Mises Institute Mises academic pursuits were interrupted from 1914 to 1918 due to World War I After World War I Mises returned to
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