Dissertation: A Framework Of Leadership Based On Ludwig Von Mises’ Theory Of Purposeful Human Action


UGSM-Monarch Business School Switzerland

Publication Type:



  • Dr. Terje Tonsberg, MPhil


Ludwig von Mises, Human Action, Leadership, Subjective Theory of Value, Marginal Utility, Methodological Subjectivism, Methodological Individualism, Ends and Means, Praxeology, Entrepreneurship, Innovation, Carl Menger, Friedrich von Hayek, Israel Kirzner, Alfred Schutz, Murray Rothbard.


A Framework Of Leadership Based On Ludwig Von Mises’ Theory Of Purposeful Human Action


Mises may be considered one of the most well-known scholars of the Austrian School of Economics, which had been founded by Carl Menger based on his theory of choice: the Subjective Theory of Value (STV). (P. J. Boettke, 2010, bk. xi) Mises elaborated and expanded upon the STV as a foundation for his Praxeology, or theory of purposeful human action. Its aim was to understand economic activity as a process of choice or exchange under uncertainty based on a research method of a priori theorizing and methodological individualism. However, Praxeology was also a basis for understanding social science in general, even if no significant attempts have been made in such a direction. Accordingly, this work represents an effort to bring the STV and its associated focus on human choice or exchange to the field of leadership theory through the methodology of Praxeology.

About The Author:

Dr. Tonsberg holds the position of Professor of Management at Monarch Business School Switzerland. Professionally, he has more than 20 years of experience in management, marketing, human resources, MIS and consulting in South East Asia and the Middle East. He is currently an advisor for Training and Career Development at Kuwait Petroleum Corporation. Professor Tonsberg holds a D.Phil. in Business Research with distinction from Monarch Business School where he also earned a M.Phil. in Business Research with Great Distinction. He also holds a Bachelor of Commerce with honors from Queen’s University in Kingston, Ontario, Canada and has completed post-graduate studies in education at St. Joseph University in Beirut, Lebanon.