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  5. Ludwig von Mises

Deaths on October 10

Ludwig von Mises
1973Oct, 10

Ludwig von Mises

Ludwig von Mises, Ukrainian-American economist and sociologist (b. 1881)
Ludwig Heinrich Edler von Mises (German: [ˈluːtvɪç fɔn ˈmiːzəs]; 29 September 1881 – 10 October 1973) was an Austrian School economist, historian, logician, and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology studies comparing communism and capitalism. He is considered one of the most influential economic and political thinkers of the 20th century.Mises emigrated from Austria to the United States in 1940. Since the mid-20th century, libertarian movements have been strongly influenced by Mises's writings. Mises' student Friedrich Hayek viewed Mises as one of the major figures in the revival of classical liberalism in the post-war era. Hayek's work "The Transmission of the Ideals of Freedom" (1951) pays high tribute to the influence of Mises in the 20th century libertarian movement.Mises's Private Seminar was a leading group of economists. Many of its alumni, including Friedrich Hayek and Oskar Morgenstern, emigrated from Austria to the United States and Great Britain. Mises has been described as having approximately seventy close students in Austria.


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Events on 1973

  • 20Jul

    Bruce Lee

    Bruce Lee, the famous Chinese actor and martial-arts expert, dies in Los Angeles at age 32 from a brain edema possibly caused by a reaction to a prescription painkiller.
  • 15Aug

    Cambodia

    Vietnam War: The United States bombing of Cambodia ends.
  • 22Aug

    Salvador Allende

    The Congress of Chile votes in favour of a resolution condemning President Salvador Allende's government and demands that he resign or else be unseated through force and new elections.
  • 17Oct

    1973 oil crisis

    OPEC imposes an oil embargo against a number of Western countries, considered to have helped Israel in its war against Egypt and Syria.
  • 4Nov

    1973 oil crisis

    The Netherlands experiences the first Car-Free Sunday caused by the 1973 oil crisis. Highways are used only by cyclists and roller skaters.

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