A Contribution of Ludwig Edler von Mises to Forming Austrian School Cover Image

Prínos Ludwiga Edlera von Misesa k formovaniu rakúskej ekonomickej školy
A Contribution of Ludwig Edler von Mises to Forming Austrian School

Author(s): Eva Muchová, Ján Lisý
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: praxeology; human behaviour; liberalism; theory of money; business cycle theory; state intervention in economy

Summary/Abstract: Austrian School came into existence in the process of the marginalistic revo-lution in the 70-ties of 19th century. Due to theoretical and methodological heri-tage of L. E. von Mises numerous unique ideas and theories have been dyna-mically developed. Austrian Schools is based on the theory of marginal utility, uses methodological individualism and subjectivism, rejects scientismus and ex-cessive using of mathematical methods in economics. Ludwig von Mises perceives the economics as an integral part of human behaviour science – praxeology. Mises significantly developed the following ideas: the concept of economic liberalism, the economic calculations problem, theory of money developed on the basis of the theory of marginal utility and the monetary policy of business cycle.

  • Issue Year: 54/2006
  • Issue No: 03
  • Page Range: 238-252
  • Page Count: 15
  • Language: Slovak