Ludwig Von Mises, one of the most prominent economists of the 20th century, was born in Lvov (The Ukraine). While studying in Vienna, he came to appreciate and defend the principles of classical Liberalism. In 1911, he published his path-breaking book Theory of Money and Credit.

An opponent of the totalitarian developments between the two World Wars, he fled to Geneva and later to the U.S.A.(1940). There he continued to write his enormous oeuvre against the rising tide of Socialism and Keynesianism. His work was dominated by two themes: The first was the essential role of money for the social efficiency of the market system. The second was the free society. He was a prolific writer and his most important works are: Theory of money and credit, Human Action, Liberalism, Bureaucracy; The Anti- Capitalist Mentality.

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