Ludwing von Mises

Ludwig von Mises was an influential economist known for his work on free-market capitalism and economic theory. He believed that individuals, acting based on their personal knowledge and preferences, drive economic activity through voluntary exchanges. Mises emphasized that government interference often distorts markets, leading to inefficiencies. His ideas supported the notion that free markets, with minimal regulation, best promote innovation, wealth creation, and individual liberty. Overall, Mises advocated for understanding economics as a complex system rooted in individual choice and spontaneous order, where prices and competition naturally coordinate economic activity.