In "Ludwig von Mises – A Primer", Eamonn Butler provides a comprehensive yet accessible overview of Mises’ outstanding achievements. At a time of economic crisis, this monograph makes it clear that Mises’ work is highly relevant today. Indeed, while mainstream economics has been found wanting, the latest recession appears to have been entirely consistent with his analysis. Furthermore, the poor performance of state health and education services can be explained by Mises’ Austrian theories. Nevertheless, Mises remains neglected by the economics profession, policymakers and academics. This readable primer explains why his work should be at the core of economic thinking.
“Mises also argued that unhampered free markets were the only workable economic system. Socialism could not succeed because, without prices, it had no way of accurately calculating the costs of any action.”
Dr Eamonn Butler is Director and co-founder of Britain’s leading free-market policy think tank, the Adam Smith Institute, and a leading author and broadcaster on economics and social issues. Westminster insiders look forward each week to his wry online commentary on politics and politicians.
Eamonn is the winner, with his colleague Dr Madsen Pirie, of the 2010 National Free Enterprise Award, for the greatest contribution to furthering the market economy. He is Vice-President of the Mont Pelerin Society, an international association of distinguished economists and entrepreneurs, founded in 1947 by the Nobel Prize winner F A Hayek.
Eamonn is author of books on a wide range of subjects, from economics through psychology to politics. These include easy-read introductions to the economists Milton Friedman, F A Hayek and Adam Smith, and a short explanation of how markets work, called (modestly) The Best Book on the Market, which he wrote to be “so simple that even politicians can understand it.”
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