Ludwig Von Mises

Date of Birth:

20-Sep-1881

Nationality:

Ukraine

Profession:

Ludwig Heinrich Edler von Mises was born September 29, 1881, in Lemberg (then part of the Austro-Hungarian Empire and now the city of Lviv, Ukraine), where his father was a construction engineer. Both his father and mother came from prominent Viennese families. The family was Jewish, and his grandfather was raised to the throne by Emperor Franz-Josef in 1881, the day Ludwig was born. This is the work of Ludwig von Mises' great-great-grandfather May Rachmiel Mises, given by Franz Joseph I of Austria in 1881. In the years from 1904 to 1914, von Mises attended lectures given by the famous Austrian economist Eugen von Boehm-Bawerk and, finally, presented by his doctor in 1906. He taught at the University of Vienna at no charge as a Privatdozent for the years from 1913 to 1934, when I served as the chief economic adviser to the Austrian government. His student, Friedrich von Hayek, explained, "he was Jewish, he was known to be fierce and he was an anti-socialist" (which is why he had no opportunity to find a full professor anywhere in Austria). To avoid being influenced by the National Socialist in his native Austrian country, in 1934, von Mises moved to Geneva, Switzerland, where he served as a professor at the Graduate Institute of International Study until 1940. In 1940, he moved to New York City. He was a visiting professor at New York University from 1948 until his retirement in 1969. In those years his income was paid by a private foundation. Ludwig von Mises died at the age of 92, at St Vincent's Hospital in New York City.

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Ludwig Von Mises

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QUOTES BY Ludwig Mises

Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.

All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.

The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.

Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.

If history could teach us anything, it would be that private property is inextricably linked with civilization

He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.

The masses do not like those who surpass them in any regard. The average man envies and hates those who are different.

He who is unfit to serve his fellow citizens wants to rule them.

The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.

All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out

Nobody ever recommended a dictatorship aiming at ends other than those he himself approved. He who advocates dictatorship always advocates the unrestricted rule of his own will