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Ludwig von Mises was one of the most notable economists and social philosophers of the twentieth century. In the course of a long and highly productive life, Mises developed an integrated, deductive science of economics based on the fundamental axiom that individual human beings act purposively to achieve desired goals. Even though his economic analysis itself was "value-free" — in the sense of being irrelevant to values held by economists – Mises concluded that the only viable economic policy for the human race was a policy of unrestricted laissez-faire, of free markets and the unhampered exercise of the right of private property, with government strictly limited to the defense of person and property within its territorial area. (more...)
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1764 – In Boston, a mob directed by Samuel Adams began violently protesting the Stamp Act, marking the first revolutionary act against British tyranny.
