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Ludwig Heinrich Edler Von Mises ( September 29 , 1881 – October 10 , 1973 ) was a notable Economist and a major influence on the modern Libertarian movement. He has been called the "uncontested dean of the Austrian School of economics".1 Ludwig von Mises was born in Lemberg , then part of the Austro-Hungarian Empire and now the city of Lviv , Ukraine , where his father was stationed as a construction engineer. When Ludwig was a small child, his family moved back to Vienna . In 1900 he attended the University Of Vienna . His father died in 1903, and in 1906 Mises was awarded his doctorate. In the years from 1904–1914, Mises attended lectures given by the prominent Austrian economist Eugen Von Boehm-Bawerk . Mises taught at the Vienna University the in the years from 1913 to 1934, while also serving as a principal economic adviser to the Austrian government. To avoid the influence of National Socialists in his Austrian homeland, in 1934 Mises left for Geneva ( Switzerland ), where he was a professor at the Graduate Institute of International Studies until 1940. In 1940 he emigrated to New York City . He was a visiting professor at New York University from 1945 until he retired in 1969. Mises wrote and lectured extensively on behalf of Classical Liberalism and is seen as one of the leaders of the Austrian School of economics. He wrote many works on two related economic themes: # Monetary Economics and Inflation ; #the differences between Government Controlled Economies and Free Trade . Mises argued that money is demanded for its usefulness in purchasing other goods, rather than for its own sake and that excessive money supply causes business cycles. His other notable contribution was his argument that Socialism must fail economically because of the impossibility of a socialist government to make economic calculations required to organize a complex economy. Mises projected that without a Market Economy there would be no functional price system, which he held essential for achieving rational allocation of capital goods to their most productive uses. In ''Interventionism, An Economic Analysis'' ( 1940 ), Ludwig von Mises wrote, The usual terminology of political language is stupid. What is ' Left ' and what is ' Right '? Why should Hitler be 'right' and Stalin , his temporary friend, be 'left'? Who is ' Reactionary ' and who is ' Progressive '? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended. Nothing should find acceptance just because it is new, Radical , and fashionable. ' Orthodoxy ' is not an evil if the doctrine on which the ' Orthodox ' stand is sound. Who is anti-labor, those who want to lower labor to the Russian level, or those who want for labor the Capitalistic standard of the United States ? Who is ' Nationalist ,' those who want to bring their nation under the heel of the Nazis, or those who want to preserve its independence? Among Mises' published works are: '' Human Action '', ''Socialism'', ''Liberalism'', '' The Theory Of Money And Credit '', '' Bureaucracy '', and '' The Anti-Capitalistic Mentality ''. SEE ALSO
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