When and where was Ludwig von Mises born?
Ludwig Heinrich Edler von Mises was born on the 29th of September 1881 in Lemberg. This city now bears the name Lviv and sits within Ukraine today.
Ludwig Heinrich Edler von Mises was born on the 29th of September 1881 in Lemberg. This city now bears the name Lviv and sits within Ukraine today.
Mises graduated with a Juris Doctor degree in February 1906 after attending lectures by Eugen von Böhm-Bawerk between 1904 and 1914. He began working as a civil servant in Austria's financial administration shortly after graduation.
Mises fled from Austria to Switzerland in 1934 to escape the Nazis. German forces entered Vienna on the day they raided his apartment and confiscated his papers and library which were believed lost or destroyed.
Mises introduced the Economic Calculation Problem as a critique of socialist states in 1920. He argued that central planners are deprived of crucial information regarding opportunity costs needed to make informed decisions about resource allocation.
Ludwig von Mises died on the 10th of October 1973 at age ninety-two. He is buried at Ferncliff Cemetery in Hartsdale New York.