Mises, Ludwig von

Ludwig von Mises was an influential economist and philosopher known for his work in classical liberalism and free-market economics. He argued that individuals, rather than governments, are better at making economic decisions because they act based on personal knowledge and preferences. Mises believed that government intervention often leads to inefficiencies and unintended consequences. His ideas emphasize the importance of voluntary exchange, private property, and a free-market system to promote prosperity and individual freedom. Essentially, he championed the idea that free markets, when left open and unhampered, are the most effective way to allocate resources and improve society.