World Library  
Flag as Inappropriate
Email this Article

Ludwig von Mises Institute

Ludwig von Mises Institute
Motto Tu ne cede malis, sed contra audentior ito
Latin: Do not give in to evil but proceed ever more boldly against it
Founder(s) Lew Rockwell, Murray Rothbard, Burton Blumert
Established 1982
Mission To advance the Misesian tradition of thought through the defense of the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive.[1]
Focus Economics, anarcho-capitalism, libertarianism
Faculty 16[2]
Staff 21
Key people Lew Rockwell (Chairman)
Jeff Deist (President)
Joseph Salerno (Editor
Quarterly Journal of Austrian Economics)
Budget Revenue: $4,721,062
Expenses: $3,640,844
(fiscal year ending 2013);[3][4]
Location Auburn, Alabama, United States
Website .orgmises

The Ludwig von Mises Institute (LvMI), often referred to as the Mises Institute, is a tax-exempt Auburn, Alabama, United States.[5] It is named for Austrian School economist Ludwig von Mises (1881–1973). Its website states that it is dedicated to advancing "the Misesian tradition of thought through the defense of the market economy, private property, sound money, and peaceful international relations, while opposing government intervention."[1]

The Mises Institute was founded in 1982 by Llewellyn H. Rockwell, Jr., Burton Blumert and Murray Rothbard, following a split between the Cato Institute and Rothbard, who had been one of the founders of the Cato Institute.[6] Additional backing for the founding of the Institute came from Mises's wife, Margit, Henry Hazlitt, Lawrence Fertig, and Friedrich Hayek.[7][8] Through its publications, the Institute promotes anarcho-capitalist political theory and a form of heterodox economics known as praxeology ("the logic of action").[9][10]


  • Background and location 1
  • Views espoused by founders and organization scholars 2
    • Forms of government 2.1
    • American Civil War and the Confederacy 2.2
    • Intellectual property 2.3
  • Criticisms 3
  • Publications, conferences, activities and awards 4
    • Notable scholars 4.1
  • See also 5
  • References 6
  • External links 7

Background and location

Further information: Split among the contemporary Austrian School

The Ludwig von Mises Institute was established in 1982 in the wake of a dispute which occurred in the early 1980s between

Notable scholars

The Institute presents the annual Schlarbaum Prize for "lifetime defense of liberty", a $10,000 prize given to a public intellectual or scholar. Laureates have included U.S. Congressman Ron Paul and economists Walter Block and Hans-Hermann Hoppe. Other honors include the Murray Rothbard Medal (also won by Block, Hoppe and Paul, as well as by economic historian Gary North), the Elgin Groseclose Award (a $20 Liberty Head Double Eagle) for money writing, and the Fertig Prize.[36]

The Mises Institute's website describes its "Are You An Austrian?" quiz as testing an individual's economic reasoning.[34] The quiz was criticized by Arnold Kling, who wrote, "the 'Are you an Austrian?' quiz does not distinguish between knowledge of doctrine and belief in doctrine. To me, this is symptomatic of a sect, which focuses on doctrinal purity above all else. For a sect, to know is to believe, and to believe is to know."[35]

The Mises Institute makes available a large number of books, journal articles, and other writings online,[31] and archives various writings on its website. Its Quarterly Journal of Austrian Economics discusses Austrian economics.[32] It published the Journal of Libertarian Studies from 1977 to 2008.[33] The Mises Review has been published since 1995, the quarterly review of literature in the social sciences being currently edited by David Gordon.

2004 Rothbard medalist Gary North delivers his acceptance speech
Quarterly Journal of Austrian Economics

Publications, conferences, activities and awards

In 2003, Chip Berlet of the Southern Poverty Law Center (SPLC) described the Mises Institute as "a major center promoting libertarian political theory and the Austrian School of free market economics", also noting Rothbard's opposition to child labor laws and the anti-immigrant views of other Institute scholars.[29] Heidi Beirich, also with the SPLC, describes the Institute as "a hard-right libertarian foundation".[30]

In an article written on Institute Chairman Lew Rockwell's website, Jacob Huebert observes that socially liberal libertarians have often accused the Mises Institute of racism. He calls the charges erroneous and argues that they might stem from the support of some Institute scholars for immigration restrictions, its support of Confederate secession, or its uncompromising stand on libertarian issues.[28]


Mises Institute has published the writing of Mises Academy instructor Stephan Kinsella in opposition to intellectual property.[27] Kinsella believes that intellectual property rights (IPRs) not only violate property rights, but undermine social well-being from a utilitarian perspective.

Intellectual property

A 2000 Southern Poverty Law Center "Intelligence Report" categorized the Institute as Neo-Confederate, "devoted to a radical libertarian view of government and economics."[25] In 2003, Lew Rockwell responded to this criticism by saying: "The Mises Institute recently came under fire from one of these watchdog groups that claims to oppose intolerance and hate. What was our offense? We have published revisionist accounts of the origins of the Civil War that demonstrate that the tariff bred more conflict between the South and the feds than slavery. For that, we were decried as a dangerous institutional proponent of 'neoconfederate' ideology. Why not just plain old Confederate ideology."[26]

American Civil War and the Confederacy

The Institute has published works by authors critical of various forms of government, including democracy, which was called coercive,[22] incompatible with wealth creation,[23] replete with inner contradictions,[24] and a system of legalized graft.[22] To many of these authors, the distinction lies not in the form of government, but in the degree of liberty individuals in a society actually enjoy.[22]

Forms of government

In a 2006 article published on the Wall Street Journal's website, Kyle Wingfield credited the Institute for helping make the "Heart of Dixie a wellspring of sensible economic thinking."[21] Wingfield pointed to the Institute's publication and promotion of the work of Mises and other Austrian economists, who he characterizes as advocating "limited government, lower taxes, stronger private property rights and less business regulation."

Views espoused by founders and organization scholars

[20] The institute has a staff of 16 Senior Fellows and about 70 adjunct scholars from the United States and other countries.[19] Early after its founding, the Mises Institute was located at the business department offices of

The Institute states that its founding ambition is to be "the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics".[16] It has reprinted works by Mises, Rothbard, Hayek, and others. It presents the annual "Austrian Scholars Conference" and "Mises University", at which anarcho-capitalist thinkers meet, and Institute personnel teach and advise students. The Institute reports that its library holds nearly 35,000 volumes, including Rothbard's personal library.[17]

[15] Rothbard was the Mises Institute's vice president and head of academic programs until his death in 1995.[14][13], Rothbard's former backers at Cato.Koch family Llewellyn Rockwell has stated that the Mises Institute met strong opposition from parties affiliated with the [12][11]

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.