Ludwig von Mises is now Latin America’s favourite economist: Tyler Cowen

Ludwig von Mises, a once marginal Austrian economist, is experiencing a resurgence, particularly in Latin America. Influential figures like Argentine President Javier Milei and Brazilian UFC fighter Renato Moicano are championing Mises's ideas, highlighting his principles on socialism, free speech, and private property. As Mises's uncompromising economic theories gain traction amidst the region's political and economic unrest, this revival reflects a profound shift in free-market sentiments, challenging conventional liberal economic thought and suggesting a turning tide in how economic policies are approached in volatile times.

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By Tyler Cowen

The Austrian economist Ludwig von Mises is having a moment, especially in Latin America. Argentine President Javier Milei admires Mises, and he has adopted some Misesian ideas, such as the notion that "the middle of the road leads to socialism." Milei used to be an academic economist and knows the ideas of Mises well.

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