Ideologies / Classical Liberal / Ludwig von Mises
§ The minds · 1881–1973 · Austria / US · Economist
Ludwig von Mises
Human action
The impossibility of socialist calculation.
Economic+60
SocialistMarket
Governance−50
LibertarianAuthoritarian
Social−15
TraditionalProgressive
The Austrian-school economist whose 'calculation problem' argued that without market prices, a planned economy is literally unable to allocate resources rationally.
social
Rationalist defender of bourgeois, contractual society.
economic
Argued socialism cannot rationally allocate without market prices.
governance
Uncompromising liberal; the minimal state and free contract.
Notable for
- 'Human Action'
- The socialist calculation problem
- Dean of the Austrian School
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