Mises Institute
Mises Institute
Genres: spoken word, politics, philosophy, History, economics
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About Mises Institute
(From Wikipedia) The Ludwig von Mises Institute (LvMI), based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. It generally advances a view of government and economics expressed by Austrian School economist Ludwig von Mises. The Institute is funded entirely through private donations. The Institute does not consider itself a traditional think tank. While it has working relationships with individuals such as U.S. Representative Ron Paul and organizations like the Foundation for Economic Education, it does not seek to implement public policy. It has no formal affiliation with any political party (including the Libertarian Party), nor does it receive funding from any. The Institute also has a formal policy of not accepting contract work from corporations or other organizations. There are also several other Institutes with the same name throughout the world, including those in Belgium, Poland, Argentina, Mexico, Russia, and Romania. However, the Institute has no formal ties with any of them. The Institute's official motto is Tu ne cede malis sed contra audentior ito, which comes from Virgil's Aeneid, Book VI; the motto means "do not give in to evil but proceed ever more boldly against it." Early in his life, Mises chose this sentence to be his guiding principle in life. It is prominently displayed throughout the Institute's campus, on their website and on memorabilia. BACKGROUND: The Ludwig von Mises Institute was established in 1982 under the direction of Margit von Mises, widow of Ludwig von Mises, who chaired its board until her death in 1993. The founder and current president is Llewellyn H. Rockwell, Jr. The late economist Murray N. Rothbard was a major influence on the Institute's activities and served as its vice president until his death in 1995.Among others, F.A. Hayek, Lawrence Fertig, and Henry Hazlitt also assisted in both its construction and continued scholarly development. Some controversy surrounds its creation and the Koch Family Foundations throughout the 1980s. The ensuing ideology-driven drama created a rift between the Mises Institute and organizations like the Cato Institute, whose members had been staunch allies throughout the 1970s and early 1980s. MISSION AND ACTIVITIES: The Institute's stated goal is to undermine statism in all its forms. Its methodology is based on praxeology, a description of individual human action which seeks to avoid errors in scientific behavioral observation that could be induced by human self-consciousness and complexity. The Institute's economic theories depict any government intervention as destructive, whether through welfare, inflation, taxation, regulation, or war. The Institute disparages both communism and the American System school of economics (more broadly the American School). With 250 academic faculty members and thousands of donors (throughout all 50 States in the United States of America and in more than 60 countries), the Institute has sponsored hundreds of teaching and scholars' conferences and seminars treating subjects ranging from monetary policy to the history of war. The Institute has published dozens of books, hundreds of scholarly papers and thousands of mainstream articles covering economic and historical issues. The Institute's website went online in 1995 and is offered as an open-access research tool. The Institute has also produced several documentary films, including Liberty and Economics: The Ludwig von Mises Legacy, The Future of Austrian Economics and Money, Banking, and the Federal Reserve. Institute scholars typically take a critical view of most U.S. government activities, foreign and domestic, throughout American history. The Institute characterizes itself as libertarian and expresses antiwar and non-interventionist positions on American foreign policy, asserting that war is a violation of rights to life, liberty, and property, with destructive effects on the market economy, and tends to increase the power of government. The Institute's website offers content which expresses support of individualism and is explicitly critical of collectivism, fascism, socialism, and communism. The website offers a vast array of articles and books by Ludwig von Mises, Murray N. Rothbard, and many other scholars who write in the tradition established by Carl Menger in 1871 with the publication of his Principles of Economics. The Institute's current campus was erected in 1998; its main building is a Victorian-style villa. Before that, the Institute's offices were located in the business department at Auburn University. A recent article in The Wall Street Journal discusses the rationale behind its strategic placement in rural Alabama. To the author and many others, it seemed out of place, not only for the Institute's cosmopolitan outlook but also when compared to its peer organizations located in cities such as New York City, Washington D.C. and San Francisco
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