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- DescriptionLudwig von Mises was the leading exponent of the Austrian School of ecomics throughout most of the twentieth century. He has long been regarded as a most kwledgeable and respected ecomist, even though his teachings were generally outside the 'mainstream'. Theory and History is primarily a critique of Karl Marx, his materialism, and his prediction of the inevitability of socialism. Marx attributes the creation of tools and machines, as well as the ecomic structure of society, to undefined 'material productive forces'; Mises rejects this materialistic view; he points out that tools and machines are actually created by individuals acting on the basis of n-materialistic ideas.This book discusses the theory of ecomics, i.e., the study of purposive human action, and with history, the record of the past actions of individuals. All actions are determined by ideas. Thoughts and ideas are 'real things', Mises writes. Although intangible and immaterial, they are factors in bringing about changes in the realm, of tangible and material things. Rather than rejecting the study of historical change as a 'useless pastime', Mises considers it of the utmost practical importance. History looks backward into the past, but the lesson it teaches concerns things to come. History opens the mind to an understanding of human nature, increases wisdom, and distinguishes civilized man from the barbarian. Moreover, historical kwledge is of the utmost importance in helping to anticipate and plan for the future.Though Theory and History may t be studied as often as other, more popular Mises works, it provides great insight into Mises' fundamental thoughts and is a fascinating exploration of human action.
- Author BiographyLudwig von Mises (1881-1973) earned his doctorate in law and economics from the University of Vienna in 1906. In 1926, Mises founded the Austrian Institute for Business Cycle Research. From 1909 to 1934, he was an economist for the Vienna Chamber of Commerce. Before the Anschluss, in 1934 Mises left for Geneva, where he was a professor at the Graduate Institute of International Studies until 1940, when he emigrated to New York City. From 1948 to 1969, he was a visiting professor at New York University.
- Author(s)Bettina Bien Greaves,Ludwig Von Mises
- PublisherLiberty Fund Inc
- Date of Publication23/08/2005
- SubjectEconomics: Professional & General
- Place of PublicationIndianapolis, IN
- Country of PublicationUnited States
- ImprintLiberty Fund Inc
- Content Noteillus
- Weight590 g
- Width230 mm
- Height155 mm
- Spine25 mm
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