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. In this book, Eamonn Butler provides a comprehensive yet accessible overview of Mises' outstanding achievements. At a time of economic crisis, this monograph makes it clear that Mises' work is highly relevant today. Indeed, while mainstream economics has been found wanting, the latest recession appears to have been entirely consistent with his analysis. Furthermore, the poor performance of state health and education services can be explained by Mises' Austrian theories. Nevertheless, Mises remains neglected by the economics profession, policymakers and academics. This readable primer explains why his work should be at the core of economic thinking.

About the Author

Eamonn Butler is director and cofounder of the Adam Smith Institute think tank, and a broadcaster on economic and social issues. He is the author of Adam Smith—A Primer and Public Choice—A Primer. Steven Baker is a British Conservative Party politician and the Member of Parliament (MP) for Wycombe. He is a founding member and corporate affairs director of the Cobden Centre, an educational charity promoting honest money.

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