Product Code Database
The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a nonprofit Education, research, and publishing institution headquartered in Auburn, Alabama, that is a center for Austrian economic thought, right-wing libertarian thought, and the paleolibertarian and anarcho-capitalist movements in the United States. It is named after the economist Ludwig von Mises (1881–1973) and promotes the Misesian version of heterodox Austrian economics.
The Mises Institute was founded in 1982 by Lew Rockwell, chief of staff to Texas Republican Congressman Ron Paul. Early supporters of the institute included economist Friedrich Hayek, writer Henry Hazlitt, economist Murray Rothbard, Ron Paul, and libertarian coin dealer Burton Blumert.
The original academic vice president of the Mises Institute was Murray Rothbard, an influential right-wing libertarian activist and writer who had studied under Ludwig von Mises; Rothbard was a leading figure in the development of anarcho-capitalism and had also been a Cato Institute co-founder. Ron Paul, the Texas Republican congressman who would later run for president of the United States, was named a distinguished counselor and assisted with early fundraising. A timber company owner also contributed funds.
Judge John V. Denson assisted in the Mises Institute becoming established at the campus of Auburn University. Auburn was already home to some Austrian economists, including Roger Garrison. The Mises Institute was affiliated with the Auburn University Business School until 1998 when the institute established its own building across the street from campus.
The Mises Institute aligned itself with what Rothbard called the Old Right, with "a defense of the gold standard, military isolationism, and 'traditional morality' and opposition to fiat money, supranational institutions, and 'forced integration'", according to academics Niklas Olsen and Quinn Slobodian. It started the Review of Austrian Economics in 1986.
Rothbard and Rockwell coined the name "paleolibertarians" for socially right-wing libertarians like themselves.Ronald Hamowy, ed., 2008, The Encyclopedia of Libertarianism, Cato Institute, Sage, They forged a "paleo alliance" between paleolibertarians and paleoconservatives in the form of the John Randolph Club in 1989, which allied the Mises Institute and the paleoconservative Rockford Institute. In the early 1990s, Austrian School Steven Horwitz called the Mises Institute "a Fascism fist in a libertarian glove."
Figures at the Mises Institute were associated with Neo-Confederates positions, and the institute held conferences about secession, including one in 1995 in Charleston, South Carolina, where the American Civil War had begun. After Rothbard's death in 1996, his protege Hans-Hermann Hoppe became a leading anarcho-capitalist figure of the institute and is known for his anti-democratic writing.
In a 2000 report, the Southern Poverty Law Center (SPLC) said that the Mises Institute had shown "recent interest in neo-Confederate themes" and that Rockwell, the institute's founder, had "argued that the Civil War 'transformed the American regime from a federalist system based on freedom to a centralized state that circumscribed liberty in the name of public order.'"
Kyle Wingfield wrote a 2006 commentary in The Wall Street Journal that the Southern United States was 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."
By 2011, The Economist said, the Austrian School economics championed by the Mises Institute had "won few mainstream converts". But it noted the Mises Institute's growing presence on the internet as well as its facilities in Auburn including an amphitheater, conservatory, recording studio and library.
The political scientist George Hawley described the Mises Institute in 2016 as "the intellectual epicenter of the radical libertarian movement in the United States". As of 2022, about 30 Mises Institutes had been created worldwide; some had died off but others, especially Brazil's (Instituto Rothbard), had gained influence.
Its academic programs include Mises University (non-accredited), Rothbard Graduate Seminar, the Austrian Economics Research Conference, and a summer research fellowship program. In 2020, the Mises Institute began offering a graduate program. It publishes the Journal of Libertarian Studies, which it took over in 2000 from the Center for Libertarian Studies.
The German Mises Institute (Ludwig von Mises Institut Deutschland e.V.) is a 2012 founded interest group and think tank of libertarian gold traders and investment advisors, which were associated with Swiss-based German billionaire August von Finck (1930–2021). Many gold dealers from the von Finck company Degussa Goldhandel are active on the board of the institute; they reject intergovernmental fiscal policy and promote gold as a "safe currency". Von Finck was active in economic policy and criticized the EU.
The Mises Institute favors the methodology of Misesian praxeology ("the logic of human action"), which holds that economic science is deductive rather than empirical. Developed by Ludwig von Mises, following the Methodenstreit opined by Carl Menger, it opposes the mathematical modeling and hypothesis-testing used to justify knowledge in neoclassical economics. Misesian economics is a form of heterodox economics. It is distinct from that of other Austrian economists, including Hayek and those associated with George Mason University.
Although the Mises Institute is sometimes described as a think tank, it does not use that term to describe itself, as its stated goals do not include Advocacy or Policy analysis.
A 2014 New York Times piece described the Mises Institute as part of Rand Paul's intellectual inheritance.
Candice Jackson, who served as acting head of the U.S. Department of Education Office for Civil Rights during the Trump Administration, was previously a summer fellow at the Mises Institute and had collaborated on articles for Rockwell's website.
|
|
