The Ideas of Ludwig von Mises for the Development of the Austrian Economic School

Nikolay Gerchev

Economic Thought journal, 2005, issue 4, 79-95

Abstract: Peculiarity of the theory of value of Mises is presented, and a special emphasis is put on differences with the concept of value of earlier Austrian economists. In the light of it the importance of economic calculation issues is deduced too. The theory of interventionism, developed by Mises, is presented in some details. His main conclusion, that interventionism is not an economic system which enables people to reach their goals, is pointed out. Special attention is paid to the character of economic laws. With regard to this a critical analysis of a number of statements in a book by Stefka Koeva (Austrian Economic School: Characteristics and Individual Achievements, Varna, Steno, 2003) is made.

JEL-codes: B20 B53 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2005:i:4:p:79-95

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