Ludwig von Mises - Revision history

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	'''Ludwig von Mises''' is a retard who thinks economics is magic.		'''Ludwig von Mises''' is a retard who thinks economics is magic.

	That's the whole thing. ~~The guy~~ built an entire "science" on the claim that since nobody can see the future, only magic prices can coordinate society — therefore planning is impossible, therefore capitalism is eternal, QED. ~~Call it praxeology, call it the Austrian School, it's the same trick: define~~ economics as whatever markets do, then "prove" markets are indispensable because look, economics.		That's the whole thing. He built an entire "science" (praxeology) on the claim that since nobody can see the future, only magic prices can coordinate society — therefore planning is impossible, therefore capitalism is eternal, QED. Define economics as whatever markets do, then "prove" markets are indispensable because look, economics.

	Haz on the calculation problem ([https://infrared-transcripts.pages.dev/en/kick/infrared/10ec3a31-ea24-45c9-8219-68350a003135/ INTENSE DEBATES stream]): "It's complete bullshit. The burden is not on me to debunk anything. There's nothing to debunk. It was based on faulty premises from the beginning." The premise ~~being that~~ everything must collapse into one number (price) for anyone to coordinate anything — while the actual global economy is already centrally coordinated down to the pencil ([[Economic Calculation Problem]]).		Haz on the calculation problem ([https://infrared-transcripts.pages.dev/en/kick/infrared/10ec3a31-ea24-45c9-8219-68350a003135/ INTENSE DEBATES stream]): "It's complete bullshit. The burden is not on me to debunk anything. There's nothing to debunk. It was based on faulty premises from the beginning." The premise: everything must collapse into one number (price) for anyone to coordinate anything — while the actual global economy is already centrally coordinated down to the pencil ([[Economic Calculation Problem]]).

	The school's function~~, per Haz~~ ([https://infrared-transcripts.pages.dev/en/kick/infrared/78727f1b-bfd6-49fc-863e-bf67603855f7/ MASSIVE DEBATE ROYALE]): after Marx brought classical political economy to its ~~logical~~ conclusion, "the bourgeoisie needed a more subjectivist, pseudoscientific economic science to explain why capitalism is the best" — enter Mises and his students ([[Friedrich August Hayek]], [[Milton Friedman]]).		The school's function ([https://infrared-transcripts.pages.dev/en/kick/infrared/78727f1b-bfd6-49fc-863e-bf67603855f7/ MASSIVE DEBATE ROYALE stream]): after Marx brought classical political economy to its conclusion, "the bourgeoisie needed a more subjectivist, pseudoscientific economic science to explain why capitalism is the best" — enter Mises and his students ([[Friedrich August Hayek]], [[Milton Friedman]]).

	== See also ==		== See also ==

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	'''Ludwig von Mises''' ~~— patriarch of the Austrian School and author of the "economic calculation problem" — appears in Infrared debates as the standard citation of libertarian opponents, and in Haz Al-Din's handling as~~ a ~~position whose foundations were "faulty from the beginning~~."		'''Ludwig von Mises''' is a retard who thinks economics is magic.

	~~== From~~ the ~~streams ==~~		That's the whole thing. The guy built an entire "science" on the claim that since nobody can see the future, only magic prices can coordinate society — therefore planning is impossible, therefore capitalism is eternal, QED. Call it praxeology, call it the Austrian School, it's the same trick: define economics as whatever markets do, then "prove" markets are indispensable because look, economics.
	* On the calculation ~~debate~~ ([https://infrared-transcripts.pages.dev/en/kick/infrared/10ec3a31-ea24-45c9-8219-68350a003135/ INTENSE DEBATES ~~\| FBI ATTACK~~ stream])~~: asked for a pitch against the economic calculation problem~~: "It's complete bullshit. The burden is not on me to debunk anything. There's nothing to debunk. It was based on faulty premises from the beginning." The premise ~~fault: assuming all economic coordination requires a single common measure~~ (price) — ~~collapsing multiple dimensions into one number.~~
	* In the ~~[https://infrared-transcripts.pages.dev/en/kick/infrared/948c3a09-3f57-4dd1-ba7c-447cccbd57b9/ Victory~~ is ~~ours stream], an opponent cites "modern economists — Mises, Rothbard": Haz notes the Austrian school isn't "modern" by~~ the ~~field's own classification~~ (~~that's neoclassicals/marginalists~~) ~~— the labor theory of value was "debunked" only within a framework built after Marx to avoid his conclusions~~.		Haz on the calculation problem ([https://infrared-transcripts.pages.dev/en/kick/infrared/10ec3a31-ea24-45c9-8219-68350a003135/ INTENSE DEBATES stream]): "It's complete bullshit. The burden is not on me to debunk anything. There's nothing to debunk. It was based on faulty premises from the beginning." The premise being that everything must collapse into one number (price) for anyone to coordinate anything — while the actual global economy is already centrally coordinated down to the pencil ([[Economic Calculation Problem]]).
	* The ~~libertarian movement~~'s ~~origin~~, per Haz ([https://infrared-transcripts.pages.dev/en/~~youtube~~/infrared/~~fqsih0ynb7e~~/ ~~Kanye's CHALLENGE stream~~]): "~~based on~~ a ~~guy who read Hayek's Road~~ to ~~Serfdom~~" — ~~a book-idea diffused into a mass identity; the real libertarian tradition Haz respects is the militia/Second Amendment one persecuted by the FBI in the 1990s~~, ~~not Twitter Rothbardians~~.
			The school's function, per Haz ([https://infrared-transcripts.pages.dev/en/kick/infrared/78727f1b-bfd6-49fc-863e-bf67603855f7/ MASSIVE DEBATE ROYALE]): after Marx brought classical political economy to its logical conclusion, "the bourgeoisie needed a more subjectivist, pseudoscientific economic science to explain why capitalism is the best" — enter Mises and his students ([[Friedrich August Hayek]], [[Milton Friedman]]).

	== See also ==		== See also ==
	* [[Economic Calculation Problem]]		* [[Economic Calculation Problem]]
	* [[Friedrich August Hayek]]

	== References ==		== References ==

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	'''Ludwig von Mises''' ~~(1881–1973) was an Austrian economist, the leading theorist~~ of the Austrian School and of ~~praxeology~~ — ~~economics~~ as a ~~deductive science~~ from the ~~axiom of human action~~.		'''Ludwig von Mises''' — patriarch of the Austrian School and author of the "economic calculation problem" — appears in Infrared debates as the standard citation of libertarian opponents, and in Haz Al-Din's handling as a position whose foundations were "faulty from the beginning."

	== ~~Doctrines~~ ==		== From the streams ==
	* ~~'''Economic~~ calculation problem''': ~~without market prices for capital goods, socialist planning cannot rationally allocate resources~~ (~~1920 essay; see [[Economic Calculation Problem]]~~).		* On the calculation debate ([https://infrared-transcripts.pages.dev/en/kick/infrared/10ec3a31-ea24-45c9-8219-68350a003135/ INTENSE DEBATES \| FBI ATTACK stream]): asked for a pitch against the economic calculation problem: "It's complete bullshit. The burden is not on me to debunk anything. There's nothing to debunk. It was based on faulty premises from the beginning." The premise fault: assuming all economic coordination requires a single common measure (price) — collapsing multiple dimensions into one number.
	* '''~~Theory of money and credit''': business cycles originate in credit expansion below~~ the ~~natural rate~~ of ~~interest (Austrian Business Cycle Theory)~~.		* In the [https://infrared-transcripts.pages.dev/en/kick/infrared/948c3a09-3f57-4dd1-ba7c-447cccbd57b9/ Victory is ours stream], an opponent cites "modern economists — Mises, Rothbard": Haz notes the Austrian school isn't "modern" by the field's own classification (that's neoclassicals/marginalists) — the labor theory of value was "debunked" only within a framework built after Marx to avoid his conclusions.
	* '''~~Subjective value''': marginal utility revolution completed~~; ~~value~~ is ~~not intrinsic.~~		* The libertarian movement's origin, per Haz ([https://infrared-transcripts.pages.dev/en/youtube/infrared/fqsih0ynb7e/ Kanye's CHALLENGE stream]): "based on a guy who read Hayek's Road to Serfdom" — a book-idea diffused into a mass identity; the real libertarian tradition Haz respects is the militia/Second Amendment one persecuted by the FBI in the 1990s, not Twitter Rothbardians.
	* Apriorism: economic laws are deduced from action, not ~~tested empirically ("praxeology")~~.

	== ~~Politics~~ ==		== See also ==
	Mises was an uncompromising laissez-faireist, advising (and later admitting sympathy for) Austrofascism as a stopgap against Bolshevism — a fact his disciples downplay. His student Hayek popularized his calculation argument; Rothbard radicalized him into anarcho-capitalism.		* [[Economic Calculation Problem]]
			* [[Friedrich August Hayek]]
	~~== Marxist assessment ==~~
	The calculation debate forced socialists to clarify planning mechanisms (market socialism, input-output computation, cybernetics — Glushkov's OGAS). But Mises' framework excludes exploitation, class, and power: exchange appears as pure harmony. Infrared treats the Austrian School as the scholasticism of finance capital — see [[Friedrich August Hayek]]~~, [[Murray N. Rothbard]], [[Hans Hermann-Hoppe]].~~

	== References ==		== References ==
	<references/>		<references/>

	[[Category:Economics]][[Category:Austrian School]]		[[Category:Economics]][[Category:Austrian School]][[Category:People]]

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'''Ludwig von Mises''' (1881–1973) was an Austrian economist, the leading theorist of the Austrian School and of praxeology — economics as a deductive science from the axiom of human action.

== Doctrines ==
* '''Economic calculation problem''': without market prices for capital goods, socialist planning cannot rationally allocate resources (1920 essay; see [[Economic Calculation Problem]]).
* '''Theory of money and credit''': business cycles originate in credit expansion below the natural rate of interest (Austrian Business Cycle Theory).
* '''Subjective value''': marginal utility revolution completed; value is not intrinsic.
* Apriorism: economic laws are deduced from action, not tested empirically ("praxeology").

== Politics ==
Mises was an uncompromising laissez-faireist, advising (and later admitting sympathy for) Austrofascism as a stopgap against Bolshevism — a fact his disciples downplay. His student Hayek popularized his calculation argument; Rothbard radicalized him into anarcho-capitalism.

== Marxist assessment ==
The calculation debate forced socialists to clarify planning mechanisms (market socialism, input-output computation, cybernetics — Glushkov's OGAS). But Mises' framework excludes exploitation, class, and power: exchange appears as pure harmony. Infrared treats the Austrian School as the scholasticism of finance capital — see [[Friedrich August Hayek]], [[Murray N. Rothbard]], [[Hans Hermann-Hoppe]].

== References ==
<references/>

[[Category:Economics]][[Category:Austrian School]]