Von Mises Institute and Austrian Economics


Von Mises Institute and Austrian Economics

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Von Mises and Free Market Thinkers

You have found the world center of the Austrian School of economics and libertarian political and social theory. If this is your first time here, sign up to receive Mises Daily in your in box. This site offers many thousands of hours of audio and video, thousands of free books in the literature section along with the full run of rare and wonderful journals, biographies and bibliographies of great economists, an active bookstore with outstanding titles as well as ties and shirts, and a full community with forums, chat, user blogs, and more. It is a city unto itself, and it is growing every day. We've placed some links to the right to get you going.

The Ludwig von Mises Institute was founded in 1982 as the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics. It serves as the world's leading provider of educational materials, conferences, media, and literature in support of the tradition of thought represented by Ludwig von Mises and the school of thought he enlivened and carried forward during the 20th century, which has now blossomed into a massive international movement of students, professors, professionals, and people in all walks of life. It seeks a radical shift in the intellectual climate as the foundation for a renewal of the free and prosperous commonwealth

"How does a world-class think tank end up in east Alabama?" asked Kyle Wingfield of the Wall Street Journal (8/4/2006). "Having such an outfit so far away from the country's usual hubs is in itself a rejection of the central planning and authority Mises spent his life fighting. He might never have visited Auburn, but something tells me he wouldn't have put this institute any other place."

"Everyone carries a part of society on his shoulders," wrote Ludwig von Mises, "no one is relieved of his share of responsibility by others. And no one can find a safe way for himself if society is sweeping towards destruction. Therefore everyone, in his own interest, must thrust himself vigorously into the intellectual battle."

It is the mission of the Mises Institute to achieve a radical shift in the intellectual climate as the foundation for a renewal of the free and prosperous commonwealth. It further seeks to restore a high place for theory in economics and the social sciences, encourage a revival of critical historical research, and draw attention to neglected traditions in Western philosophy. In this cause, the Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and, in application, defends the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive.

In December 1981, Ludwig von Mises's widow Margit gave her approval to found the Mises Institute. It was formally established in October 1982 and located in Auburn, Alabama, with founder Llewellyn H. Rockwell, Jr. serving as president.

With the support of Margit von Mises, who chaired the board until her death in 1993, and such giants as F.A. Hayek, Lawrence Fertig, Henry Hazlitt, and Murray N. Rothbard, who headed its academic programs until his death in 1995, the Mises Institute has grown into the leading scholarly center for research and teaching in the Austrian School of economics, as well as an important research center for classical liberalism and libertarianism.

The Mises Institute has 300-plus faculty members working with it on one or more academic projects. With their help, and thousands of donors in 50 states and 80 foreign countries, the Institute has held more than 750 teaching conferences, including the Mises University, and seminars on subjects from monetary policy to the history of war, as well as international and interdisciplinary Austrian Scholars Conferences.

From these programs, the Institute has sponsored many books and hundreds of scholarly papers, in addition to thousands of published popular articles on economic and historical issues.

The Mises Institute publishes books by Ludwig von Mises and other new and old works by Austrian economists and historians, maintains the complete Mises bibliography, manages the archive of Murray N. Rothbard, and publishes periodicals, including two academic journals and a scholarly review of literature. The in-house Massey and Ward Libraries are a multilingual collection of more than 30,000 volumes, including Rothbard's personal library, which makes it one of the most extensive specialized collections of its kind in North America.

Mises.org went online in 1995. A reliable and stable research tool, it features working papers, study guides, bibliographies, biographies, e-books, publication archives, a calendar of events, fellowship applications, audio and video downloads, foreign language materials, a faculty directory, research tools, daily editorials, local on-site library access, and an online catalog of publications. Mises.org provides open access, is linked from classrooms and libraries around the world, and has earned a far higher Alexa ranking than any market-oriented non-profit in the world.

The Institute has produced documentary films: "Liberty and Economics: The Ludwig von Mises Legacy"; "The Future of Austrian Economics"; and "Money, Banking, and the Federal Reserve." The Institute has also published or subsidized the publication of 300-plus books and monographs.

Helping students to discover the economics of freedom, and inspiring them to go on to teach at the university level, is perhaps the Institute's most important program. Since 1985, the Institute has held Mises University summer schools for students from all over America and the world, and has assisted 10,000 students at more then 1000 colleges and universities with aid ranging from one-year book scholarships to full multi-year PhD fellowships. Altogether, it has reached millions of students at all levels.

In 1998, The Mises Institute moved into a facility at 518 West Magnolia Avenue that houses an extensive and unique library in the social sciences. The building was extended in 2000-2001 to accommodate the need for more library and faculty space. You can take a virtual tour with images in 360 degrees.

Developmental emphasis for the future includes increases in on-site faculty chairs, summer-long programs, year-round internships and post-doc research facilities, along with a dramatic expansion of digital media to become the full-service library of the whole of the libertarian tradition.

Publishing projects include original and traditional Austrian works, the collected letters of Murray Rothbard, translations of classic Austrian writings, as well as broad periodical distribution.
Seven Periodicals

Our monthly The Free Market examines the economic and political scene from a classical-liberal viewpoint. The Austrian Economics Newsletter links our academic network with in-depth interviews. The Mises Review surveys new books. The Quarterly Journal of Austrian Economics (the successor journal to the Review of Austrian Economics), is the premier setting for new research and ideas in economics. The Journal of Libertarian Studies, the scholarly venue for political theory and applications from 1997-2008, has been succeeded by Libertarian Papers, established in 2009.

Through our Fellowships, we give top students of the Austrian School the practical support and intellectual tools they need to thrive in today's academic setting. We provide books and periodicals, internships, academic counseling, and financial assistance to help them become the professors and intellectual leaders of tomorrow. In-house fellowships are available for dissertation writing and post-doc work.

Serious scholarly work in economic theory and intellectual history does not receive the support it deserves from large foundations. To fill this crucial gap, the Mises Institute offers long-term grants for in-depth research in the Austrian tradition. Among the projects currently being backed are studies in U.S. banking history, the economics of cryptography, the viability of currency boards, and biographical studies of the Austrian School's major figures and their role in intellectual history.
Online Research Aids

Mises.org's Scholars Page features online books, the Austrian Study Guide, a complete online resource of Austrian School literature, linked to online articles, where possible; the complete searchable text to Human Action(3/4th edition) among many other writings by Mises; out-out-print classics by Austrian scholars; constantly updated Working Papers; and the complete and searchable Mises Bibliography and Rothbard Bibliography.

We sponsor the world's finest teaching programs, including the annual Mises University, the History of Liberty Teaching Seminar, the Human Action Seminar, and the Rothbard Graduate Seminar attracting the best students from the U.S. and around the world. Thanks to outstanding curricula and faculty, our alumni rank among the best economists, historians, and philosophers working today.
Academic Meetings

The Austrian Scholars Conference is the annual professional meeting where new papers in the Misesian tradition are presented and debated, and faculty and students are able to escape the politicized environments of their home campuses. We also hold regular scholarly conferences on economics, history, philosophy, and law, as well as private colloquia exploring new avenues of research.
Academic Awards

The Schlarbaum Prize for lifetime defense of liberty, given every year, awards $10,000 to a public intellectual or distinguished scholar. The Kurzweg Family Prize awards $5,000 for the defense of liberty, property, and personal responsibility. The George Koether Award, a beautiful medallion and $2500, for free-market publishing. The Elgin Groseclose Award, a $20 Liberty Head Double Eagle, goes to the best piece of money writing in the previous year. The Lawrence W. Fertig Prize in Austrian Economics awards $1,000 to the author of a paper that best advances economic science in the Austrian tradition. The O.P. Alford III Prize in Libertarian Scholarship awards $1,000 to the author of the paper best advances libertarian scholarship.

The Mises Institute publishes important new books and reprints classics, including The Scholar's Edition of Human Action; Man, Economy, and State; The Case Against the Fed; The Costs of War; and Theory and History; among fifty other titles. Our book catalog, The Library of the Austrian School, makes them available to students and the public.

The Mises Institute balances the social-democratic domination of public debate with major newspapers and magazines featuring Mises Institute articles. Mises.org's Daily Articles are linked and reprinted the world over. In-box subscriptions are distributed at no charge (current subscribers 20,000). Our speakers' program spreads a pro-liberty message on talk shows and at conferences and meetings around the country and the world.
Audio and Video

All our conferences on such diverse topics as welfare, bureaucracy, war, and monetary reform, as well as our weekly seminars, are available on tape. And we've produced award-winning films, including one on Mises and another on the misdeeds of the Federal Reserve System. Mises.org offers .mp3 files of Mises speaking and Rothbard teaching, as well as complete audio files of selected conferences (again, at no charge). The Mises Media page includes the remarkable series of lectures Robert LeFevre Commentaries.
Mises Institute Campus

Our library and research facilities in Auburn, Alabama provide a huge, multilingual collection of books and special collections (see the Ward Library), scholarly archives (papers of Ludwig von Mises, Murray N. Rothbard, Robert LeFevre, and John William Lloyd), ongoing seminars, and a collegial atmosphere for completing dissertations, doing post-doc work, helping with translations and other projects, or using sabbatical time to do Austrian work.
Publishing Opportunities
Daily Articles

This venue features shorter articles (700-3000 words) that employ Austrian theory and practice to illuminate current or historical events. These articles, which reach 12,000 subscribers in their in-boxes every day, require clarity of thought and exposition. They are permanently archived and eventually reach hundreds of thousands. The more steeped in the Austrian tradition, the better. Footnotes are fine but not required, but internal links are much preferred. Write the editor.
The Free Market

This monthly journal interprets current policy and events in light of Austrian theory and free-market policy. The editor seeks articles that are pithy, rigorous, provocative, and deal with enduring themes. Preferred length: 1500 words. Write the editor.
Working Papers

These are unpublished academic papers in process. Submissions follow standard scholarly format with footnotes and citations, and include complete author information including affiliation and email address. They are published as sent once rendered into PDF format. There is an informal review process. The papers are read by Austrian scholars, students, and interested people all over the world. Write the editor.
The Quarterly Journal of Austrian Economics

This refereed journal considers articles that promote the development and extension of Austrian economics and that promote the analysis of contemporary issues in the mainstream of economics from an Austrian perspective. Write the editor.
The Journal of Libertarian Studies

Founded in 1977, this referred journal is the primary venue for reconstruction of the history of ideas and politics in terms of libertarianism.

Discussion Forum


Started by Localtarian Dec 8, 2009. 0 Replies

Can Asset-Price Bubbles Be Harmless?

Started by Localtarian Nov 25, 2009. 0 Replies

The Market Can Regulate Automobiles

Started by Localtarian Nov 23, 2009. 0 Replies


Started by Localtarian Nov 23, 2009. 0 Replies

Good Inflation

Started by Localtarian Nov 23, 2009. 0 Replies

Economists Can Be Hilarious

Started by Localtarian Nov 22, 2009. 0 Replies

The Myth of the "Old Right"

Started by Localtarian Nov 22, 2009. 0 Replies

Origins of the Federal Reserve

Started by Localtarian Nov 16, 2009. 0 Replies

Should We Believe the GDP?

Started by Localtarian Nov 16, 2009. 0 Replies

The Triumph of Socialism

Started by Localtarian Nov 16, 2009. 0 Replies

Comment Wall


You need to be a member of Von Mises Institute and Austrian Economics to add comments!

Comment by truth on September 23, 2009 at 8:26pm
Comment by Fred Black on August 30, 2009 at 8:14am
Yes NAU, that is what wars are designed to do. It would be nice to have another graph line in that chart depicting revenue from the biggest banks and industrial s over the same time period, the line would pretty much be a mirror opposite to the dollar value.
Comment by Localtarian on August 30, 2009 at 4:48am
Thanks Fred. Man, you weren't kidding about Enlarging that chart, haha. Yeah, Notice how the dollar started it's actual and absolute fall and decline of value right after the Bretton Woods Collapse. Also, notice that each time we've had a war to fund it drastically damaged the net worth and value of the dollar.
Comment by Fred Black on August 30, 2009 at 4:18am
Did anyone see this on mises, Rise and Fall of Dollar 1800-2009?

I've enlarged this jpg for reading the details - Rise an Fall of Dollar 1800-2009 (large)

I also find zerohedge quite good for the latest in economics news.
Comment by Localtarian on August 28, 2009 at 3:25pm
Anyone in the Immediate Bay Area (CA) and or San Francisco, I highly recommend Attending this: http://mises.org/events/120 It's a Seminar/Lecture/Meeting of Members of the Von Mises Institute. It starts tomorrow at 9A.M.
Comment by Alastair Carnegie on August 26, 2009 at 7:02am
Fear not,...Help is at hand:_

A guide to obsessive-compulsive disorder (OCD), including symptoms, ... that you have some control over your obsessive thoughts and compulsive behaviors. ...


Obsessive Compulsive Control Disorder OCCD, we must fight the spread of this debilitating neurotic psychosis. Early diagnosis will surely be of benefit. Every government department should employ a resident psychiatrist.
Comment by Alastair Carnegie on August 26, 2009 at 6:40am
Ron Paul's chat with Lew Rockwell, identified the dangers of Government intervention in all areas of life. This is control-freakery. Surely this is a pathological neurosis. We should immediately budget at least ten billion dollars, recruiting every available psychiatrist, import them if need be, so that they can screen our public servants for this debilitating psychosis. There should be psychiatric hospitals built to 'treat' these pathololical 'control-freaks';...and they should be prescribed powerful sedatives and psychoactive drugs, so as to relieve their condition. I expect that only long term hospitalization will work, perhaps with frequent electric shock therapy. We must find a cure for these unfortunate victims of this terrible disease.
Comment by Localtarian on August 26, 2009 at 4:14am
Comment by Alastair Carnegie on August 26, 2009 at 2:31am
"They don't just shop local in Totnes - they have their very own currency" The Independant


"....Brown, along with thousands of her fellow residents in this colourful south-west retreat, uses Totnes pounds: notes printed and traded locally (and decorated with a sepia depiction of the town's main thoroughfare). The idea for the pound – used in 70 businesses round these parts – was introduced a year ago, to promote links between local businesses while reducing reliance on big business. The aim is to keep money circulating within the town's local economy. If people are encouraged to buy local produce, the thinking goes, it will help to cut down on food – and trade – miles and also help to strengthen community relations and links with local producers.
The concept has proved so popular that a cluster of other towns around the country are initiating copycat schemes. Indeed, it is hoped that similar projects can be launched in the Welsh towns of Lampeter, Llandeilo and Llandovery this year.

Brown says: "People are so positive about the currency. I think lots of people feel supportive towards helping local producers and farmers, especially with the growing awareness of the effects of transport on the climate. Some people ask for them in their change, especially when I put up my sign. They are certainly disappointed when they can't get hold of them......"

It looks as if this concept is catching on very fast. The problem with the first American notes, was ease of forgery, The 'Continentals' eventually became worthless as a result. This is an issue that should be addressed early. We now have the technology to copy with very close fidelity to the genuine currency, so distinctive paper, etc, is all important. Watermarks are difficult to forge, laser holograms etc, would be a deterrent to forgers. It's an interesting subject.
PS. I forgot to credit Wikipedia for the first quote.
Comment by monolistic on August 26, 2009 at 2:12am
I have found out that our dallar is worth 4 cents is there any way we can come back like germany, without an new currency?
how long do we have before an collapse? October?

If there is an new currency a gallon on gas will be worth 12 cents but our wages will go down, perhaps no more middle class.

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