Ludwig von Mises (1881 – 1973)

The Ludwig Von Mises institute of Canada (“Mises Canada”) was founded in November of 2010 in order to spread the teachings of the Austrian School of Economics to Canada.  It is an independent organization making up one of the many Mises Institutes now operating in over 20 countries.

It is the mission of Mises Canada to educate the public on the importance of placing human choice at the center of economic theory, to encourage a revival of critical historical research, and to advance the Misesian tradition of thought through the defense of the market economy, private property, sound money, and peaceful international relations.

In a speech given on January 2, 1935, Prime Minister Bennet spoke of his then-radical plan to solve the Great Depression and declared:

“Reform means Government intervention. It means Government control and regulation. It means the end of laissez faire. Reform heralds certain recovery. There can be no permanent recovery without reform. Reform or no reform! I raise that issue squarely. I nail the flag of progress to the masthead. I summon the power of the State to its support.”

It has been nearly 80 years since that speech and State intervention now penetrates in to nearly every aspect of Canadian life, carrying with it the hardships predicted in detail by Austrian Economics.  “Austrian” economics owes its name to the historic fact that it was founded and first elaborated by three Austrians-Carl Menger (1840-1921), Friedrich von Wieser (1851-1926), and Eugen von Bohm-Bawerk (1851-1914). The latter two built upon Menger, though Bohm-Bawerk, in particular, made important additional contributions.

Mises Canada is named after one of the most notable economists and social philosophers of the twentieth century Ludwig von Mises (1881-1973). In the course of a long and highly productive life, Mises developed an integrated, deduct­ive science of economics based on the fundamental axiom that individual human beings act purposely to achieve desired goals. Even though his economic analysis itself was “value-free” in the sense of being irrelevant to values held by economists – Mises concluded that the only viable economic policy for the human race was a policy of unrestricted laissez-faire, of free markets and the unhampered exercise of the right of private property, with government strictly limited to the defense of person and property within its territorial area.

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To learn more about Austrian Economics please click on the links below

What is Austrian Economics?
Understanding Austrian Economics