Mises Institute
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| 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. |
| Focus | Economics, anarcho-capitalism, libertarianism |
| Faculty | 16 |
| 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); |
| Location | Auburn, Alabama, United States |
| Website | mises |
The Ludwig von Mises Institute (LvMI), often referred to as the Mises Institute, is a tax-exempt organization located in Auburn, Alabama, United States. It is named after Austrian School economist Ludwig von Mises (1881–1973). Its website states that it exists to promote "teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard."
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. Additional backing for the founding of the Institute came from Mises's wife, Margit, Henry Hazlitt, Lawrence Fertig, and Friedrich Hayek. Through its publications, the Institute promotes anarcho-capitalist political theory and a form of heterodox economics known as praxeology ("the logic of action").
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. Llewellyn Rockwell has stated that the Mises Institute met strong opposition from parties affiliated with the Koch family, Rothbard's former backers at Cato. Rothbard was the Mises Institute's vice president and head of academic programs until his death in 1995.
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". 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.
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