ENTREPRENEURIAL ECONOMICS Human Action I

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1 ENTREPRENEURIAL ECONOMICS Human Action I
Prof. Dr. Stefan Kooths UE, Campus Berlin Winter term 2018/2019

2 Ludwig von Mises: Life *29th September 1881, Lemberg/Austria-Hungary
University of Vienna 1906 PhD in Law and Economics Member of the Böhm-Bawerk seminar 1913 to 1934 Adjunct professor 1909 to 1934 Economist, Vienna Chamber of Commerce Private seminar (Morgenstern, Machlup, Hayek, …) Consultant to the government of Austria 1927 Founder of the Austrian Institute for Business Cycle Research 1934 to 1940 Institut Universitaire des Hautes Études, Geneva 1940 Emigration to the USA 1945 to 1969 Visiting professor at the University of New York  18th October 1973, New York

3 Ludwig von Mises: Major works
1912 Theorie des Geldes und der Umlaufsmittel The Theory of Money and Credit (1953) 1922 Die Gemeinwirtschaft – Untersuchungen über den Sozialismus Socialism – An Economic and Sociological Analysis (1951) 1927 Liberalismus Liberalism (1962) 1933 Grundprobleme der Nationalökonomie: Untersuchungen über Verfahren, Aufgaben und Inhalt der Wirtschafts- und Gesellschaftslehre Epistemological Problems of Economics (1960) 1940 Nationalökonomie – Theorie des Handelns und des Wirtschaftens Human Action – A Treatise on Economics (1949) 1944 Omnipotent Government – The Rise of the Total State and Total War 1945 Bureaucracy 1957 Theory and History – An Interpretation of Social and Economic Evolution 1962 The Ultimate Foundation of Economic Science – An Essay on Method

4 Books on Mises Jörg Guido Hülsmann (2007): Mises – The Last Knight of Liberalism; Ludwig von Mises Institute: Auburn/Alabama. Israel M. Kirzner (2001): Ludwig von Mises – The Man and his Economics; ISI Books: Wilmington/Delaware. Eamonn Butler (2010): Ludwig von Mises – A Primer; The Institute of Economic Affairs: London. Mises and (much) more:

5 Other important treatises on economics
Carl Menger Principles of Economics (1871|1976); New York University Press: New York. Investigations into the Method of the Social Sciences with Special Reference to Economics (1963|1883); New York University Press: New York. Frank A. Fetter Economic Principles (1915); The Century Co.: New York. Murray N. Rothbard Man, Economy, and State with Power and Market (2009); Scholar’s Edition, second edition, Ludwig von Mises Institute: Auburn/Alabama. George Reisman CAPITALISM – A Treatise on Economics (1998); TJS Books: Laguna Hills/California. Eugen v. Böhm-Bawerk Capital and Interest: A Critical History of Economic Theory (1890|1884) ; Macmillan & Co.: London and New York. The Positive Theory of Capital (1891|1888); Macmillan and Co.: London and New York.

6 Scientific social philosophy: Friedrich A. v. Hayek
The Constitution of Liberty (1959) Law, Legislation and Liberty (1973/1976/1977) A New Statement of the Liberal Principles of Justice and Political Economy The Fatal Conceit (1988) The Errors of Socialism 3 sozialphilosophische Hauptwerke: 1200 Seiten -> Reduktion auf den Minimalkern John Locke ( ) Bernard Mandeville ( ) Charles-Louis de Secondat, Montesquieu ( ) David Hume ( ) Adam Smith ( ) Adam Ferguson ( ) Lord Acton ( ) Karl Popper( ) Verbindung zwischen Rechts- und Wirtschaftswissenschaften Ökonom als Sozialwissenschaftler: Menschen als soziales Wesen, Koordination ist als zentrales erklärungsbedürftiges Phänomen Frage nach den Grundlagen unserer Zivilisation

7 Human Action mises.org/document/3250
mises.org/library/study-guide-human-action-treatise-economics

8 Human Action: Overview
Introduction Part I: Human Action Part II: Action Within the Framework of Society Part III: Economic Calculation Part IV: Catallactics or Economics of the Market Society Part V: Social Cooperation Without a Market Part VI: The Hampered Market Economy Part VII: The Place of Economics in Society

9 Human Action: Contents and course sections 1
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10 Human Action: Contents and course sections 2
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