Mises Institute

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Mises Institute
Mises Institute logo.svg
Founder(s)Lew Rockwell
Established1982; 40 years ago (1982)
FocusEconomics education, Austrian economics, anarcho-capitalism, libertarianism, paleolibertarianism, classical liberalism
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, ,
United States
Websitemises.org

Mises Institutes, are libertarian nonprofit think tanks which are named after the libertarian Austrian-American economist of Austrian School Ludwig von Mises (1881–1973). There are a number of independent Ludwig von Mises Institutes worldwide. The most important and influential is the Ludwig von Mises Institute for Austrian Economics located in Auburn, Alabama, United States.[2][3] It was founded in 1982 by Lew Rockwell. Its creation was funded by Ron Paul.[3]

Background and location of US-Mises Institute[edit]

The Ludwig von Mises Institute was founded in 1982 by Lew Rockwell. Rockwell, who had previously served as editor for Arlington House Publishers, received the blessing of Margit von Mises during a meeting at the Russian Tea Room in New York City, and she was named the first chairman of the board.[4][5][self-published source?] Early supporters of the Institute included F.A. Hayek, Henry Hazlitt, Murray Rothbard, Ron Paul, and Burt Blumert.[6][non-primary source needed] According to Rockwell, the motivation of the institute was to promote the specific contributions of Ludwig von Mises, who he feared was being ignored by libertarian institutions financed by Charles Koch and David Koch. As recounted by Justin Raimondo, Rockwell said he received a phone call from George Pearson, of the Koch Foundation, who had said that Mises was too radical to name an organization after or promote.[7]

Rothbard served as the original academic vice president of the institute. Paul agreed to become distinguished counselor and assisted with early fundraising.[6][non-primary source needed]

Judge John V. Denson assisted in the Mises Institute becoming established at the campus of Auburn University.[8] 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.[9][non-primary source needed]

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."[10]

The institute describes its mission as 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."[11]

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.[12] It has led to the creation of spin-off organizations around the world, including Brazil,[13][better source needed] Germany,[14] South Korea,[15][better source needed] and Turkey.[16][non-primary source needed]

Worldwide[edit]

Mises Institute Germany[edit]

The German Mises Institute (Ludwig von Mises Institut Deutschland e.V.) is an 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; tehy reject intergovernmental fiscal policy and promote gold as a "safe currency".

Von Finck was active in economic policy and criticized the EU.[17] He assumed the costs for expert opinions from prominent professors, such as Hans-Werner Sinn, with whose help the lawyer and politician Peter Gauweiler (CSU) took action at the German Federal Constitutional Court against the rescue packages for Greece and the Euro.[18]

The Institute is scientifically supported by economists and philosophers, most of whom are organized in the Friedrich A. von Hayek Society and/or the Mont Pelerin Society. German Mises Institute has strong ties to the so called Neue Rechte and AfD.[17][18][19] The German Mises Institute works closely with the US-Mises Institute and with many other Mises Institutes around the world. It is not noticed in the EU Transparency Register.[18]

Views[edit]

Economic[edit]

A defining philosophy of the institute is 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.[20] It is distinct from that of other Austrian economists, including Hayek and those associated with George Mason University.[21][third-party source needed]

Political[edit]

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 campaigns of Donald Trump.[22][23][24][25]

In the late 1980s and early 1990s, Rockwell and Rothbard embraced racial and class resentments to build a coalition with populist paleoconservatives.[22] This rhetoric appeared at the time in newsletters for Ron Paul that Rockwell was later identified as writing, including statements against black people and gay people that later became controversies in Paul's congressional and presidential campaigns.[22][3] Separately, Rothbard's writing opposed "multiculturalists" and "the entire panoply of feminism, egalitarianism."[3]

A 2000 report by the Southern Poverty Law Center (SPLC) categorized the Mises Institute as Neo-Confederate, "devoted to a radical libertarian view of government and economics."[26] In 2003, Chip Berlet of the SPLC described the institute as "a major center promoting libertarian political theory and the Austrian School of free market economics," noted Rothbard's disgust with child labor laws, and wrote that other institute scholars held anti-immigrant views.[27] Austrian economist Steve Horwitz called the Mises Institute "a fascist fist in a libertarian glove."[28]

When a New York Times reporter requested a tour of the institute in 2014, Rockwell asked him to leave, saying he was "part of the regime."[3]

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.[29]

Notable faculty[edit]

Notable figures affiliated with the Mises Institute include:[30][non-primary source needed]

See also[edit]

References[edit]

  1. ^ "Mises Academy:What Is The Mises Institute; What We Do". June 18, 2014.
  2. ^ a b "Mises Institute in Charity Navigator". Charity Navigator. Retrieved June 5, 2019.
  3. ^ a b c d e Tanenhaus, Sam; Rutenberg, Jim (January 25, 2014). "Rand Paul's Mixed Inheritance". New York Times. Retrieved February 20, 2014.
  4. ^ "30 Years of Bedeviling the Bad Guys". Mises Institute. October 1, 2012.
  5. ^ "Biography of Margit von Mises: 1890–1993". Mises Institute. August 18, 2014.
  6. ^ a b "The Story of the Mises Institute". Mises Institute. September 18, 2018.
  7. ^ Raimondo, Justin (2000). Enemy of the State: The Biography of Murray Rothbard. Prometheus.
  8. ^ "Why the Mises Institute Is in Auburn". Mises Institute. October 9, 2018.
  9. ^ "Mises and Liberty". Mises Institute. September 15, 1998.
  10. ^ Wingfield, Kyle (August 11, 2006). "Von Mises Finds A Sweet Home In Alabama". Wall Street Journal. ISSN 0099-9660. Retrieved December 19, 2020.
  11. ^ "What is the Mises Institute?". June 18, 2014. Retrieved January 24, 2022.
  12. ^ "Graduate Program". Mises Institute. March 26, 2020.
  13. ^ "Home". mises.org.br.
  14. ^ "Ludwig von Mises Institut Deutschland".
  15. ^ miseskorea.org
  16. ^ misesenstitusu.com
  17. ^ a b "Milliardär August von Finck kaufte sich die neurechte und liberale Szene Deutschlands | Recentr" (in German). Retrieved July 14, 2022.
  18. ^ a b c "Mises Institute – Lobbypedia". lobbypedia.de (in German (formal address)). Retrieved July 14, 2022.
  19. ^ "Nach dem Tod von August von Finck: Entpolitisiert sich das Finck-Imperium?". Andreas Kemper (in German). February 26, 2022. Retrieved July 14, 2022.
  20. ^ 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.
  21. ^ "Socialism: The Calculation Problem Is Not the Knowledge Problem". Mises Institute. March 13, 2018.
  22. ^ a b c Sanchez, Julian; Weigel, David (January 16, 2008). "Who Wrote Ron Paul's Newsletters?". Reason. Retrieved December 28, 2020.
  23. ^ Sheffield, Matthew (September 2, 2016). "Where did Donald Trump get his racialized rhetoric? From libertarians". Washington Post. ISSN 0190-8286. Retrieved December 28, 2020.
  24. ^ 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.
  25. ^ Welch, Matt (July 4, 2018). "Libertarian Party Rebuffs Mises Uprising". Reason. Retrieved September 18, 2020.
  26. ^ "The Neo-Confederates". Intelligence Report. Southern Poverty Law Center. Summer 2000.
  27. ^ Berlet, Chip (Summer 2003). "Into the Mainstream". Intelligence Report. Southern Poverty Law Center. Retrieved September 24, 2013.
  28. ^ "Michael Levin". Southern Poverty Law Center. Retrieved April 9, 2022.
  29. ^ Waldman, Annie. "DeVos Pick to Head Civil Rights Office Once Said She Faced Discrimination for Being White". ProPublica.
  30. ^ "Faculty Members". Ludwig von Mises Institute.
  31. ^ "Peter Klein". Baylor University's Hankamer School of Business. Retrieved December 22, 2017.
  32. ^ "Senior Fellows, Faculty Members, and Staff". Ludwig von Mises Institute.

External links[edit]

Coordinates: 32°36′24″N 85°29′29″W / 32.6066°N 85.4913°W / 32.6066; -85.4913