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Ludwig Von Mises
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Economist
    (September 29, 1881-October 10, 1973)
    Born in Lemberg, Austria-Hungary (now Lviv, Ukraine)
    Full name: Ludwig Heinrich Edler von Mises
    Earned a doctor of law degree from the University of Vienna
    Leader of the 'Austrian School' of economics
    Books include 'Human Action,' 'The Theory of Money and Credit,' 'Liberalism,' and 'The Anti-Capitalism Mentality'
    Quotes include: 'Socialism and democracy are irreconcilable' and 'Every socialist is a disguised dictator'
    He was a lawyer.
    He was intolerant of opposing ideas and took opposition personally.
    According to Milton Friedman, he refused to speak to one of his students for three years after the student questioned the wisdom of a gold standard.
    He was 'nobility,' his Jewish family having been 'ennobled' by the Austro-Hungarian Emperor.
    He promoted personal, particularly economic, freedom.
    He made extraordinarily accurate and detailed predictions about how and why socialism would fail.
    He had to flee Europe to escape the Nazis.
    He taught at New York University for free with his salary being paid by supporters of his work.
    He inspired F. A. Hayek's Nobel prize winning economic works.
    He was much loved as a teacher and encouraged students to drop by his apartment, no invitation necessary.
    The Ludwig von Mises Institute at Auburn University is named after him and attempts to carry on his work.

Credit: tom_jeffords


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