Ludwig von Mises School of Economics

The Theory of Money and Credit is a 1912 economics book written by Ludwig von Mises, originally published in German as Theorie des Geldes und der Umlaufsmittel. In it Mises expounds on his theory of the origins of money through his regression theorem, which is based on logical argumentation. It is one of the foundational works of the Misean branch of the Austrian School of economic thought. Commodity money exists today. Mises looks at the origin, nature and value of money, and its effect on determining monetary policy. It does not concern all adaptations of money. He uses the so-called regression theorem, a statement backed by a step by step, logical reasoning. Mises explains why money is demanded in its own right. According to Mises, money has historically come about after there has been a demand for the money commodity in a barter economy.

Ludwig Heinrich Edler von Mises (1881 – 1973) was an economist, historian, logician, and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. Mises was born to Jewish parents in the city of Lemberg, Galicia, Austria-Hungary (now Lviv, Ukraine).  He is best known for his work on praxeology, a study of human choice and action.

In the years from 1904 to 1914, Mises attended lectures given by Austrian economist Eugen Ritter von Böhm-Bawerk. He graduated in February 1906 (Juris Doctor) and started a career as a civil servant in Austria’s financial administration. After a few months, he left to take a trainee position in a Vienna law firm. During that time, Mises began lecturing on economics and in early 1909 joined the Vienna Chamber of Commerce and Industry. In 1934, Mises left Austria for Geneva, Switzerland, where he was a professor at the Graduate Institute of International Studies until 1940, when he emigrated to the United States. Mises became a visiting professor at New York University and held this position from 1945 until his retirement in 1969. For part of this period, Mises studied currency issues for the Pan-Europa movement, which was led by Richard von Coudenhove-Kalergi, a fellow New York University faculty member and Austrian exile.

Principles of MSE

The Ludwig von Mises School of Economics (MSE) is an activity of the Swiss Chamber of Commerce in The Netherlands, which was formed in 1933 by a group of entrepreneurs and government officials. Inspired by the liberal thoughts of Mises, MSE promotes an economic system based on private property and free markets—or what one might call economic freedom. The key ingredients of this economic freedom are personal choice, voluntary exchange, freedom to compete in markets, and protection of person and property. Institutions and policies are consistent with economic freedom when they allow voluntary exchange and protect individuals and their property.


It is our mission to utilize multidisciplinary expertise and global reach to train future leaders, provide a comprehensive educational program, and catalyze innovative research, all to address sustainable development in the 21st century.

Postgraduate diploma in sustainable economics

A research fellow of the Ludwig von Mises School of Economics is an academic research position at our research institution. The position of research fellow requires a doctoral degree, or equivalent work experience for instance in business, industry and research centers. Research fellows undertake postdoctoral research. They follow the online learning curriculum and write a thesis, which is subject to validation by an academic staff from accredited world-class universities. If students need help writing their thesis, we are able to match them with a personal and professional thesis tutor & coach. The thesis tutor helps the student with thesis problems and questions. Once the student has completed her/his thesis, the Ludwig von Mises School of Economics will publish and promote the thesis. In addition, the student receives a postgraduate diploma in sustainable economics from the Ludwig von Mises School of Economics, which is a postgraduate qualification at the level of a master’s degree. It is good practice to use a post-nominal designation after completing the entire program. Graduates from the Ludwig von Mises School of Economics are entitled to use the post-nominal PGDip EC.

Online learning

Ludwig von Mises School of Economics makes use of Coursera to offer its online courses. Coursera is an American massive open online course provider founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. Through Coursera we work with universities and other organizations to offer our certification in economics. Using Coursea has several major advantages:

  • Provide for-credit, standalone courses in core curriculum or for honors credit.
  • Enable faculty with supplementary content mapped to their curriculum.
  • Deliver stronger student job outcomes with multi-disciplinary courses.
  • Increase student capacity without increasing infrastructure costs.
  • Accessible with smartphones.


A Bachelor’s or Master’s degree from an accredited university, and completion of the following courses are required before work on the thesis can be started.

  • Sustainable Business Enterprises (University of Illinois). This course will explore current challenges and opportunities facing firms in the area of environmental sustainability. It will begin with an introduction to sustainability, with a particular focus on how environmental sustainability is relevant to business. Topics such as unsustainable consumption/consumer behavior, market research on sustainable product design, and sustainable value chains and communications will be covered. The course also covers the bottom-up approach in terms of immersion, emersion, and design as applied to sustainable business enterprise. The course concludes with a summary of insights on global challenges in business, with particular focus on poverty and the environment.
  • Principles of Sustainable Finance (Erasmus University Rotterdam). Throughout this course, you will learn about the UN Sustainable Development Goals, how social and environmental factors should not be regarded as externalities, you will learn more about sustainable banking and asset management, about effective engagement, sustainable scenario analysis and long-term value creation.
  • The Age of Sustainable Development (Columbia University). The Age of Sustainable Development gives students an understanding of the key challenges and pathways to sustainable development – that is, economic development that is also socially inclusive and environmentally sustainable.
  • Strategy and Sustainability (IESE Business School). This Strategy and Sustainability course based on Rosenberg’s recently published book by Palgrave that encourages learners to filter out the noise and make those choices in a hard-nosed and clear-eyed way. Prof. Rosenberg’s nuanced and fact-based point of view recognizes the complexity of the issues at hand and the strategic choices businesses must make. He blends the work of some of the leading academic thinkers in the field with practical examples from a variety of business sectors and geographies and offers a framework with which senior management might engage with the topic, not (just) to save the planet but to fulfill their short, medium and long-term responsibilities to shareholders and other stakeholders.
  • Become a Sustainable Business Change Agent Specialization (University of Colorado). This specialization is for anyone who would like to improve how their company or organization impacts the environment, people and communities. We will introduce you to some of the key concepts and tools of sustainable business, then teach you how to be an effective change agent. By the end of the specialization you will have the skills to create an effective sustainability proposal and know who you have to convince, and what they need to be convinced.
  • A peer-reviewed thesis. Normally, the thesis does not exceed 100 pages in length (including title page, abstracts, table of contents, contribution of authors/preface, acknowledgements, bibliography/reference list, and appendices). The thesis must be as succinct as is consistent with the sound scholarly exposition of the subject under investigation and disciplinary norms. There is no page limit, but unnecessarily long theses are viewed negatively since one of the norms of academic scholarship is concision. The peer review is at the heart of research. It is the gold standard for ensuring the trust and integrity of scholarly communication. In addition, it is a form of collaboration between experts, with critical feedback often improving research and helping propel research forward.


The individual courses are taught by accredited universities. The thesis will be validated by a professor who teaches at an accredited university. The post-graduate diploma will be issued by the National Pedagogical Dragomanov University, a leading Ukrainian University in Kiev, which has III-IV accreditation level.


The fees for the Postgraduate Certificate in Economics of the Ludwig von Mises School of Economics are EUR 1.500 Euro plus EUR 331 p/y (subject to price changes by Coursera) for a Coursera Plus subscription for the coursework. Special coaching and advising fees apply in case students need help with their thesis.


Application is easy through Coursera. In order to issue you a diploma, we’ll need to verify your identity. The application process starts here. Please contact us for further information (mse @


  • Dr. rer. nat. h.c. R.A.U. Juchter van Bergen Quast, LLM | Chief Executive Officer, Swiss Chamber of Commerce in The Netherlands.
  • Prof. Dr. phil. h.c. Dr. rer. nat. h.c. M. Hunzinger | Honorary Professor in the field of public relations at the National Pedagogical Dragomanov University.