Streamlined Title: Notes and Recollections: The Austrian School of Economics (Liberty Fund Library of the Works of Ludwig von Mises)

Ludwig von Mises's "Notes and Recollections" and "The Historical Setting of the Austrian School of Economics" are now published together in one volume for the first time. Written between 1940 and 1941, shortly after Mises's arrival in the United States, "Notes and Recollections" serves as his pre-1940 intellectual autobiography, revealing how he developed his theories, wrote his books, lectured, and taught, as well as describing his life in Vienna and the people with whom he worked. Mises also discusses his activities as an adviser to Austrian government officials and his frustrations in attempting to keep inflation and communist and Nazi ideas from destroying the Austrian economy.

"The Historical Setting of the Austrian School of Economics" is an essay originally published in English in 1969 that sheds light on Mises's intellectual development in the context of the origins of the Austrian School. It provides a good introduction to the theory and history of the Austrian School.

As Mises explains in these two works, his viewpoint that modern economics is based on subjective value and marginal-utility theory sets him apart from classical economists such as Adam Smith, David Ricardo, and John Stuart Mill. This separation from the classical tradition is a key aspect of Mises's intellectual journey, which is vividly portrayed in these insightful and revealing writings.

The publication of these two works in a single volume offers readers a comprehensive understanding of Mises's intellectual development and the evolution of the Austrian School of Economics. By presenting these complementary texts together, this collection provides a valuable resource for students, scholars, and anyone interested in the history and theory of economic thought.

product information: