Peter Boettke on Mises

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4.7 • 4.3K Ratings

🗓️ 27 December 2010

⏱️ 76 minutes

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Summary

Pete Boettke of George Mason University talks with EconTalk host Russ Roberts about the life, work, and legacy of Ludwig von Mises. Boettke outlines Mises's most important contributions to economics--business cycle theory, the socialism/calculation debate, and the application of economics to a wide range of behavior beyond the financial. Boettke discusses how Mises fits into the Austrian tradition and how he influenced scholars who came after him. The conversation closes with a discussion of Mises's most important works and suggests which books and articles are most accessible to a beginner who wants to explore Mises's ideas.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty. I'm your host Russ Roberts
0:13.9	of George Mason University and Stanford University's Hoover Institution. Our website is econtalk.org
0:21.2	where you can subscribe, find other episodes, comment on this podcast, and find links to
0:26.5	another information related to today's conversation. Our email address is mailadicontalk.org. We'd
0:33.6	love to hear from you. Today is December 15th, 2010, and my guest is Pete Betke of George Mason
0:43.5	University. Pete, welcome back to Econ Talk. Thanks, Russ. Thanks for having me. Our topic today is
0:49.8	Ludwig von Mises, and I hope this might become a model for other podcasts that will do down the
0:55.9	road. What I want to do is introduce listeners who are unfamiliar with Mises to his key ideas,
1:01.6	his key works, and then how someone who doesn't know much about him or about his works, how you might
1:09.4	where we just start. So let's you and I start Pete with the key ideas. Why is Mises important? Tell
1:16.1	us a little bit about his life and his contributions to economics. Well, Mises is sort of the key figure in
1:27.2	early part of the 20th century in maintaining and reviving the classical liberal perspective and
1:35.2	political economy, his developments in the science of economics that fed into that defense of the
1:44.3	laissez-faire system. He became the leading representative of the modern Austrian School of
1:52.8	Economics. He was a great teacher of economics over in Vienna where he was teaching at University
1:59.2	of Vienna while he also had a position at what we call the Chamber of Commerce there. He held
2:08.4	a position as well as at the University. His students were some of the leading economists
2:14.0	in the immigration after they immigrated to the United States. People like Fritz Mochle,
2:18.8	and Godfried Hobbler, and of course, F.A. Hayek, who was his most prominent student.
2:25.7	So when did he come to the United States? The first moved from out of Vienna to Geneva
2:32.4	where he taught, and then he moved to the United States in 1940. So he ended up by teaching at
2:40.6	New York University from around 1944 until 1969, I believe. What was he doing between 40 and
	...

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