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Saturday, 15 February 2014

Free Market Masters: Ludwig von Mises

Here's an interesting video published by the Institute of Economic Affairs (IEA) about Ludwig von Mises and Austrian Economics. In the institute's own words:
Ludwig von Mises was one of the greatest economists and political scientists of the twentieth century. He revolutionised the understanding of money, inflation and recessions; comprehensively refuted the arguments for socialism; and provided a devastating critique of the methodologies of mainstream economics. His contributions to the Austrian School laid the intellectual groundwork for thinkers such as F. A. Hayek, Murray Rothbard and Israel Kirzner.
Go here to watch the video.