Ludwig Heinrich Edler von Mises / Ludwig von Mises

"VALUE IS NOT INTRINSIC, IT IS NOT IN THINGS. IT IS WITHIN US; IT IS THE WAY IN WHICH MAN REACTS TO THE CONDITIONS OF HIS ENVIRONMENT. NEITHER IS VALUE IN WORDS AND DOCTRINES, IT IS REFLECTED IN HUMAN CONDUCT. IT IS NOT WHAT A MAN OR GROUPS OF MEN SAY ABOUT VALUE THAT COUNTS, BUT HOW THEY ACT".

LUDWIG VON MISES

LUDWIG HEINRICH EDLER VON MISES WAS AN AUSTRIAN SCHOOL ECONOMIST, HISTORIAN, LOGICIAN, AND SOCIOLOGIST. MISES WROTE AND LECTURED EXTENSIVELY ON THE SOCIETAL CONTRIBUTIONS OF CLASSICAL LIBERALISM. HE IS BEST KNOWN FOR HIS WORK ON PRAXEOLOGY STUDIES (IN PHILOSOPHY, PRAXEOLOGY IS THE THEORY OF HUMAN ACTION, BASED ON THE NOTION THAT HUMANS ENGAGE IN PURPOSEFUL BEHAVIOR, AS OPPOSED TO REFLEXIVE BEHAVIOR AND OTHER UNINTENTIONAL BEHAVIOR) COMPARING COMMUNISM AND CAPITALISM.

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