Mises Institute

The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a paleolibertarian nonprofit think-tank located in Auburn, Alabama, United States.[3][4] It is named after Austrian School economist Ludwig von Mises (1881–1973).

Mises Institute
Founder(s)Lew Rockwell, Murray Rothbard, Burton Blumert, Henry Hazlitt
Established1982 (1982)
FocusEconomics education, Austrian economics, libertarianism
Faculty350+[1]
Staff21
Key peopleLew Rockwell (Chairman)
Jeff Deist (President)
Joseph Salerno (Editor
Quarterly Journal of Austrian Economics)
BudgetRevenue: $4,200,056
Expenses: $4,165,289
(FYE 2017)[2]
Location
Auburn
,
Alabama
,
United States
Websitemises.org
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The Mises Institute was founded in 1982 by Lew Rockwell, 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.[5] The Institute was funded by Ron Paul.[3]

Background and location
Further information: Austrian economics § Split among contemporary Austrians
Burton Blumert, Llewellyn Rockwell, David Gordon, and Murray Rothbard

The Ludwig von Mises Institute was established in 1982 in the wake of a dispute which occurred in the early 1980s between Murray Rothbard and the Cato Institute, another libertarian organization co-founded by Rothbard.

Early after its founding, the Mises Institute was located at the business department offices of Auburn University, and relocated nearby to its current site in 1998.

Kyle Wingfield wrote a 2006 commentary in The Wall Street Journal that the Southern United States is a "natural home" for the Institute, as "Southerners have always been distrustful of government," with the institute making the "Heart of Dixie a wellspring of sensible economic thinking."[5]

Economic views

The Institute is founded in Misesian praxeology ('the logic of action'), that holds that economic science is a deductive science rather than an empirical science. Developed by Ludwig von Mises, following the Methodenstreit opined by Carl Menger, it is a self-conscious opposition to the mathematical modeling and hypothesis-testing used to justify knowledge in neoclassical economics. Externally, this economic method usually is considered a form of heterodox economics.[6]

Criticisms

The Mises Institute has been criticized by some libertarians for the paleolibertarian and right-wing cultural views of some of its leading figures, on topics such as race, immigration, and the presidential campaign of Donald Trump.[7][4][8]

A 2000 "Intelligence Report" by the Southern Poverty Law Center categorized the Institute as Neo-Confederate, "devoted to a radical libertarian view of government and economics."[9]

In 2003, Chip Berlet of the Southern Poverty Law Center 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.[10]

In 2017, the president of the Mises Institute, Jeff Deist, gave a speech at the Mises University conference, where in his concluding remarks he stated that the ideas of "blood and soil and God and nation still matter to people".[11] Deist's use of the phrase blood and soil, originally used by the Nazi party as a call for racial nationalism, was alleged by some to be an explicit signal to Neo-Nazis and other white nationalist groups. [12] In particular, Nicholas Sarwark and Arvin Vohra, then the chair and vice-chair of the United States Libertarian Party, condemned Deist's speech, with Vohra stating that "the Mises Institute has been turned into a sales funnel for the White Nationalist branch of the Alt Right". Vohra further accused the Mises Institute as a whole of being "authoritarian, racist, nazi".[13][14]

Publications
Quarterly Journal of Austrian Economics
Mises.org is the website of the Mises Institute

The Mises Institute makes available a large number of books, journal articles, and other writings online, and archives various writings on its website. Its Quarterly Journal of Austrian Economics discusses Austrian economics. It published the Journal of Libertarian Studies from 1977 to 2008.

Notable faculty

Notable figures affiliated with the Mises Institute include:[15]

See also

References
  1. "Mises Academy:What Is The Mises Institute; What We Do". June 18, 2014.
  2. "Mises Institute in Charity Navigator". Charity Navigator. Retrieved June 5, 2019.
  3. Sam Tanenhaus and Jim Rutenberg (January 25, 2014). "Rand Paul's Mixed Inheritance". New York Times. Retrieved February 20, 2014.
  4. Sheffield, Matthew. "Where did Donald Trump get his racialized rhetoric? From libertarians". Washington Post. ISSN 0190-8286. Retrieved December 28, 2020.
  5. Wingfield, Kyle (August 11, 2006). "Von Mises Finds A Sweet Home In Alabama". Wall Street Journal. ISSN 0099-9660. Retrieved December 19, 2020.
  6. Lee, Frederic S.; Cronin, Bruce C.; McConnell, Scott; Dean, Erik (2010). "Research Quality Rankings of Heterodox Economic Journals in a Contested Discipline". American Journal of Economics and Sociology. 69 (5): 1409–1452. doi:10.1111/j.1536-7150.2010.00751.x.
  7. Sanchez, Julian; Weigel, David (January 16, 2008). "Who Wrote Ron Paul's Newsletters?". Reason.com. Retrieved December 28, 2020.
  8. Rutenberg, Jim; Kovaleski, Serge F. (December 26, 2011). "Paul Disowns Extremists' Views but Doesn't Disavow the Support (Published 2011)". The New York Times. ISSN 0362-4331. Retrieved December 28, 2020.
  9. "The Neo-Confederates". Intelligence Report. Southern Poverty Law Center. Summer 2000.
  10. Berlet, Chip (Summer 2003). "Into the Mainstream". Intelligence Report. Southern Poverty Law Center. Retrieved September 24, 2013.
  11. "For a New Libertarian".
  12. Austrian Economics: A Gateway to Extremism, retrieved August 31, 2020
  13. Welch, Matt (July 4, 2018). "Libertarian Party Rebuffs Mises Uprising". Reason Magazine. Retrieved September 18, 2020.
  14. "Arvin Vohra - Since so many are asking "What's the big... | Facebook". web.archive.org. March 11, 2018. Retrieved December 19, 2020.
  15. "Faculty Members" Ludwig von Mises Institute
  16. Peter Klein, Baylor University's Hankamer School of Business. Retrieved 22 December 2017
  17. "Senior Fellows, Faculty Members, and Staff." Ludwig von Mises Institute

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