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Ludwig Mises and Ideas of Supranational Governance in 20th Century Vienna

Author

Listed:
  • Lukas Starchl

    (University of Graz, Austria)

Abstract

Ludwig Mises' interest in large-scale problems concerning the institutional framework and social as well as economic requirements for a well-functioning economy, makes Mises' writings on supranational governance particularly interesting. Based on a reading of his German language publications and archival material, this paper analyzes the development of Ludwig Mises' ideas of supranational governance in his time in Vienna and locates them in the broader historical and intellectual context. The paper focuses on two particularly important elements of that project. First, his steadily vanishing trust in a narrowly defined popular enlightenment, to be understood as his trust in the peoples' capacity to grasp the perceived infallibility of liberal economics and consequently the harmony of interest across all individuals. The second element, inextricably linked to the first one, is his perspective on democracy and its role in the political framework of a global capitalist order.

Suggested Citation

  • Lukas Starchl, 2025. "Ludwig Mises and Ideas of Supranational Governance in 20th Century Vienna," Graz Economics Papers 2025-07, University of Graz, Department of Economics.
    • Handle: RePEc:grz:wpaper:2025-07
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    Keywords

    Ludwig Mises; Supranational Governance; Democracy and Economics; Global Capitalism; Nationalism and Economics;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • F15 - International Economics - - Trade - - - Economic Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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