Ludwig Heinrich Edler von Mises[1] (/ˈmiːziːz/;[2][better source needed] German: [ˈluːtvɪç fɔn ˈmiːzəs];

29 September 1881 – 10 October 1973) was an Austrian-American theoretical Austrian School

economist. Mises wrote and lectured extensively on behalf of classical liberalism. He is best known for
his work on praxeology, a study of human choice and action.

Mises emigrated from Austria to the United States in 1940. Since the mid-20th century, the libertarian
movement in the United States has been strongly influenced by Mises's writings.[citation needed]
Mises's student, Friedrich Hayek, viewed Mises as one of the major figures in the revival of liberalism in
the post-war era. Hayek's work, "The Transmission of the Ideals of Freedom" (1951) pays high tribute to
the influence of Mises in the twentieth century libertarian movement.[3]

Mises's Austrian School was a leading group of economists. Many of its alumni, including Hayek and
Oskar Morgenstern, emigrated from Austria to the United States and Great Britain. Mises has been
described as having approximately seventy close students in Austria,[4] and the Austrians as the insiders
of the Chicago school of economics.[5] The Ludwig von Mises Institute was founded in the United States
to continue his teachings.