The Legacy of Ludwig von Mises: Theory and History, 2 volumes

Co-edited with Peter T. Leeson

Aldershot: Edward Elgar, 2006


Ludwig von Mises is not the most well-known classical liberal political economist of the twentieth century. He has remained relatively obscure because both methodologically and ideologically his thinking went against the prevailing mood and on a personal level he was more difficult to approach than other thinkers of his time. However, among those in the know, he is considered to be the architect of Austrian economic thought, the most ardent defender of classical liberalism in the last century and history’s strongest critic of socialism.


This new collection of previously published writings has three main aims: to introduce the reader to von Mises and the core of his ideas; to provide a number of essays which project the Misesian spirit, contribute to Mises’s system and suggest areas for future research based on his insight and thought; and to establish an interest in Mises’s ideas among those not already familiar with them.



This pathbreaking book seeks to be the definitive collection documenting the intellectual legacy of Ludwig von Mises in modern political economy. Its intended readership is scholars in the history of political economy and in particular those interested in the Austrian school of economics.


"The Legacy of Ludwig von Mises will prove useful to both the expert in so-called Austrian economics as well as the novice who wonders what all the fuss is about. . . Boettke and Leeson have performed a valuable service in the history of economic thought, by providing a collection that will benefit both expert and novice."


Robert P. Murphey, Journal of the History of Economic Thought



"The profoundly original Ludwig von Mises made pioneering contributions to our understanding of the modern economy in a number of areas: the problem of economic calculation under socialism, the dynamics of the mixed economy, the ordering role of market forces in banking and finance, and the monetary-shock theory of the business cycle. Editors Peter Boettke and Peter Leeson have usefully brought together a wide-ranging collection of papers – including some surprising choices – to exemplify fruitful research along Misesian lines. These volumes will help to give to Mises’s insights the greater prominence among economists that they richly deserve."


Lawrence H. White, Professor of Economics at George Mason University