Mises Institute Explained

Mises Institute
Founder:Lew Rockwell
Focus:Economics education, Austrian school of economics, and libertarianism in the United States (anarcho-capitalism, classical liberalism, paleolibertarianism, and right-libertarianism)
Staff:21
Faculty:350+[1]
Key People:Lew Rockwell (Chairman)
Thomas DiLorenzo (President)
Joseph Salerno (Editor
Quarterly Journal of Austrian Economics)
Budget:Revenue: $4,200,056
Expenses: $4,165,289
(FYE 2017)[2]
City:Auburn
State:Alabama
Country:United States

The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a nonprofit think tank headquartered in Auburn, Alabama, that is a center for Austrian economics, right-wing libertarian thought and the paleolibertarian and anarcho-capitalist movements in the United States.[3] It is named after the economist Ludwig von Mises (1881–1973) and promotes the Misesian version of heterodox Austrian economics.[4]

It was founded in 1982 by Lew Rockwell, chief of staff to Texas Republican Congressman Ron Paul. Early supporters of the institute included economist F. A. Hayek, writer Henry Hazlitt, economist Murray Rothbard, Ron Paul,[5] and libertarian coin dealer Burt Blumert.[6]

History

The Mises Institute was founded in 1982 by Lew Rockwell, who was chief of staff to Texas Republican Congressman Ron Paul; previously Rockwell had been editor for the conservative Arlington House Publishers and had worked for the radical-right John Birch Society and the traditionalist Hillsdale College.[7] Rockwell 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.[8] [9] [10] According to Rockwell, the institute was meant to promote the 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.[11]

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.[12] [13] Ron Paul, the Texas Republican congressman who would later run for president of the United States, was named a distinguished counselor[14] 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.[15] 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.[16]

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.[17] It started the Review of Austrian Economics in 1986.

Rothbard and Rockwell coined the name "paleolibertarians" for socially right-wing libertarians like themselves.[18] 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 economist Steven Horwitz called the Mises Institute "a fascist fist in a libertarian glove."[19]

Figures at the Mises Institute were associated with neo-Confederate positions, and the institute held conferences about secession, including one in 1995 in Charleston, South Carolina, where the American Civil War had begun.[20] [21] [22] 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.[23]

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.'"[24]

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."[25]

By 2011, The Economist said, the Austrian School economics championed by the Mises Institute had "won few mainstream converts". But it noted the think tank'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".[26] As of 2022, about 30 Mises Institutes had been created worldwide; some had died off but others, especially Brazil's, had gained influence.[27]

Current activities

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."[28]

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.[29] It has led to the creation of spin-off organizations around the world, including Brazil,[30] Germany,[31] South Korea,[32] and Turkey.[33] It publishes the Journal of Libertarian Studies, which it took over in 2000 from the Center for Libertarian Studies.[34]

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; they reject intergovernmental fiscal policy and promote gold as a "safe currency". Von Finck was active in economic policy and criticized the EU.[35] 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.

Political and economic views

The Mises Institute describes itself as libertarian, and as promoting the Austrian School of economics.[36] In 2003, Chip Berlet of the SPLC described it as "a major center promoting libertarian political theory and the Austrian School of free market economics", while also assessing that it favors a "Darwinian view of society in which elites are seen as natural and any intervention by the government on behalf of social justice is destructive".[37]

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.[38] It is distinct from that of other Austrian economists, including Hayek and those associated with George Mason University.[39] [40] [41]

Influence on campaigns and government

The paleolibertarian economic and cultural views of some of the Mises Institute's leading figures have been influential in the presidential campaigns of Ron Paul, the presidential campaign of Rand Paul, the presidential campaigns of Donald Trump, and the candidacy of Joshua Smith for chair of the Libertarian Party.[42] [43] [44] [45]

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.[46]

Notable faculty

Notable figures affiliated with the Mises Institute include:[47]

See also

External links

32.6066°N -85.4913°W

Notes and References

  1. Web site: Mises Academy:What Is The Mises Institute; What We Do . June 18, 2014 . August 30, 2016 . November 20, 2014 . https://web.archive.org/web/20141120231825/https://mises.org/about-mises/what-is-the-mises-Institute . live .
  2. Web site: Mises Institute in Charity Navigator . . June 5, 2019 . August 1, 2021 . https://web.archive.org/web/20210801074144/https://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=6221 . live .
  3. News: Tanenhaus . Sam . Rutenberg . Jim . January 25, 2014 . Rand Paul's Mixed Inheritance . en . New York Times . February 20, 2014 . November 12, 2020 . https://web.archive.org/web/20201112040840/http://www.nytimes.com/2014/01/26/us/politics/rand-pauls-mixed-inheritance.html . live .
  4. Book: Lavoie, Marc . Post-Keynesian Economics . 2022-05-13 . Edward Elgar Publishing . 978-1-83910-962-1 . 7. 10.4337/9781839109621 . 249145864 .
  5. Web site: September 18, 2018 . The Story of the Mises Institute . live . https://web.archive.org/web/20200823180918/https://mises.org/wire/story-mises-institute . August 23, 2020 . November 23, 2021 . Mises Institute.
  6. Book: Doherty, Brian . Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement . PublicAffairs . 2009 . 9780786731886 . United States.
  7. Book: Dallek, Matthew . Birchers: How the John Birch Society Radicalized the American Right . Basic Books  . 2023 . United States  . Rockwell founded the Ludwig von Mises Institute, where he and libertarian economist Murray Rothbard promoted neo-Confederacy views and the Austrian school of economics that called for the dismantling of state intervention in market economies..
  8. News: December 31, 2011 . Heterodox economics: Marginal revolutionaries . The Economist . live . February 22, 2012 . https://web.archive.org/web/20120222004727/http://www.economist.com/node/21542174 . February 22, 2012.
  9. Web site: 30 Years of Bedeviling the Bad Guys . October 1, 2012 . Mises Institute . November 23, 2021 . November 25, 2020 . https://web.archive.org/web/20201125025655/https://mises.org/library/30-years-bedeviling-bad-guys . live .
  10. Web site: Biography of Margit von Mises: 1890–1993 . August 18, 2014 . Mises Institute . November 23, 2021 . March 18, 2021 . https://web.archive.org/web/20210318005125/https://mises.org/library/biography-margit-von-mises-1890-1993 . live .
  11. Book: Raimondo, Justin . Enemy of the State: The Biography of Murray Rothbard . 2000 . Prometheus.
  12. Book: Leeson, Robert . Hayek: A Collaborative Biography, Part IX: The Divine Right of the 'Free' Market . Springer . 2017 . 978-3-319-60708-5 . 180 . To the original 'anarchocapitalist' (Rothbard coined the term) [...]..
  13. Jensen . Jacob . April 2022 . Repurposing Mises: Murray Rothbard and the Birth of Anarchocapitalism . Journal of the History of Ideas . en . 83 . 2 . 315–332 . 10.1353/jhi.2022.0015 . 35603616 . 248985277 . 1086-3222.
  14. Zengerle . Jason . 2010-06-10 . Paleo Wacko . The New Republic . 0028-6583 . 2023-09-02.
  15. Web site: Why the Mises Institute Is in Auburn . October 9, 2018 . Mises Institute . November 23, 2021 . October 10, 2018 . https://web.archive.org/web/20181010081024/https://mises.org/library/why-mises-institute-auburn . live .
  16. Web site: Mises and Liberty . September 15, 1998 . Mises Institute . November 23, 2021 . June 19, 2015 . https://web.archive.org/web/20150619062747/https://mises.org/library/mises-and-liberty . live .
  17. Olsen . Niklas . Slobodian . Quinn . April 2022 . Locating Ludwig von Mises: Introduction . . en . 83 . 2 . 257–267 . 10.1353/jhi.2022.0012 . 1086-3222 . 35603613 . 248987154 . subscription . ... the Mises Institute differed from Cato and Heritage through its self-avowed proximity to what Rothbard called the "Old Right" ....
  18. [Ronald Hamowy]
  19. Web site: Michael Levin . live . https://web.archive.org/web/20160806080649/https://www.splcenter.org/fighting-hate/extremist-files/individual/michael-levin . August 6, 2016 . 2022-04-09 . Southern Poverty Law Center . en.
  20. Book: Neo-Confederacy: A Critical Introduction.  . University of Texas Press . 2009 . Sebesta . Edward H. . United States . 33–34 . Hague . Euan . Beirich . Heidi.
  21. News: Weiner . Rachel . July 10, 2013 . The libertarian war over the Civil War . .
  22. Book: Lee . Michael J. . We are Not One People: Secession and Separatism in American Politics Since 1776 . Atchison . R. Jarrod.  . Oxford University Press . 2022 . United States . 58–60.
  23. Heer . Jeet . 2016-10-24 . The Right Is Giving Up on Democracy . The New Republic . 2023-09-02 . 0028-6583.
  24. Web site: Summer 2000 . The Neo-Confederates . live . https://web.archive.org/web/20160222010852/https://www.splcenter.org/fighting-hate/intelligence-report/2000/neo-confederates . February 22, 2016 . August 29, 2018 . Intelligence Report . . 99.
  25. News: Wingfield . Kyle . August 11, 2006 . Von Mises Finds A Sweet Home In Alabama . en-US . Wall Street Journal . December 19, 2020 . 0099-9660 . October 20, 2020 . https://web.archive.org/web/20201020205701/https://www.wsj.com/articles/SB115526621313033079 . live .
  26. Book: Hawley, George . Right-wing critics of American conservatism . 2016 . 164–171 . 978-0-7006-2193-4 . Lawrence . 925410917 . ... the Ludwig von Mises institute is the intellectual epicenter of the radical libertarian movement in the United States ....
  27. Book: Market Civilizations . 2022-05-24 . Zone Books . 10.2307/j.ctv1vbd2mv . 978-1-942130-68-0 . 249073465 . Slobodian . Quinn . Plehwe . Dieter.
  28. Web site: 18 June 2014 . What is the Mises Institute? . 2022-01-24 . November 20, 2014 . https://web.archive.org/web/20141120231825/https://mises.org/about-mises/what-is-the-mises-Institute . live .
  29. Web site: Graduate Program . March 26, 2020 . Mises Institute . November 23, 2021 . April 16, 2020 . https://web.archive.org/web/20200416220431/https://mises.org/edu . live .
  30. Web site: Home . mises.org.br . November 23, 2021 . July 14, 2022 . https://web.archive.org/web/20220714172717/https://mises.org.br/ . live .
  31. Web site: Ludwig von Mises Institut Deutschland . November 23, 2021 . October 25, 2012 . https://web.archive.org/web/20121025000545/https://www.misesde.org/ . live .
  32. miseskorea.org
  33. misesenstitusu.com
  34. Web site: Center for Libertarian Studies records . 2023-07-01 . oac.cdlib.org.
  35. Web site: Milliardär August von Finck kaufte sich die neurechte und liberale Szene Deutschlands Recentr . May 18, 2020 . 2022-07-14 . de-DE . May 22, 2020 . https://web.archive.org/web/20200522122247/http://recentr.com/2020/05/18/milliardaer-august-von-finck-kaufte-sich-die-neurechte-und-liberale-szene-deutschlands/ . live .
  36. Web site: newvalleymedia . 2014-06-18 . What Is the Mises Institute? . 2023-02-27 . Mises Institute . en.
  37. Web site: Berlet . Chip . Chip Berlet . Summer 2003 . Into the Mainstream . live . https://web.archive.org/web/20100207091248/http://www.splcenter.org/get-informed/intelligence-report/browse-all-issues/2003/summer/into-the-mainstream?page=0,1#11 . February 7, 2010 . September 24, 2013 . Intelligence Report . . 110.
  38. 10.1111/j.1536-7150.2010.00751.x . Research Quality Rankings of Heterodox Economic Journals in a Contested Discipline . American Journal of Economics and Sociology . 69 . 5 . 1409–1452 . 2010 . Lee . Frederic S. . Cronin . Bruce C. . McConnell . Scott . Dean . Erik. 145069581 .
  39. Web site: Socialism: The Calculation Problem Is Not the Knowledge Problem . March 13, 2018 . Mises Institute . November 23, 2021 . March 21, 2018 . https://web.archive.org/web/20180321191639/https://mises.org/wire/socialism-calculation-problem-not-knowledge-problem-0 . live .
  40. Web site: Why I Am Not an Austrian Economist . 2023-02-27 . econfaculty.gmu.edu.
  41. Ebeling . Richard M. . 2014-12-01 . Hayek e Mises . MISES: Interdisciplinary Journal of Philosophy, Law and Economics . 2 . 2 . 629–650 . 10.30800/mises.2014.v2.697 . 2594-9187. free .
  42. Sanchez . Julian . Weigel . David . January 16, 2008 . Who Wrote Ron Paul's Newsletters? . live . Reason . en-US . https://web.archive.org/web/20190409082300/http://reason.com/archives/2008/01/16/who-wrote-ron-pauls-newsletter . April 9, 2019 . December 28, 2020.
  43. News: Sheffield . Matthew . September 2, 2016 . Where did Donald Trump get his racialized rhetoric? From libertarians. . en-US . Washington Post . live . December 28, 2020 . https://web.archive.org/web/20161012131625/https://www.washingtonpost.com/posteverything/wp/2016/09/02/where-did-donald-trump-get-his-racialized-rhetoric-from-libertarians/ . October 12, 2016 . 0190-8286.
  44. News: Rutenberg . Jim . Kovaleski . Serge F. . December 26, 2011 . Paul Disowns Extremists' Views but Doesn't Disavow the Support (Published 2011) . en-US . The New York Times . live . December 28, 2020 . https://web.archive.org/web/20210107100807/https://www.nytimes.com/2011/12/26/us/politics/ron-paul-disowns-extremists-views-but-doesnt-disavow-the-support.html . January 7, 2021 . 0362-4331.
  45. News: Welch . Matt . July 4, 2018 . Libertarian Party Rebuffs Mises Uprising . Reason . live . September 18, 2020 . https://web.archive.org/web/20201015193330/https://reason.com/2018/07/04/libertarian-party-rebuffs-mises-uprising/ . October 15, 2020.
  46. Web site: Waldman . Annie . April 14, 2017 . DeVos Pick to Head Civil Rights Office Once Said She Faced Discrimination for Being White . live . https://web.archive.org/web/20170414170156/https://www.propublica.org/article/devos-candice-jackson-civil-rights-office-education-department . April 14, 2017 . November 23, 2021 . ProPublica.
  47. Web site: Faculty Members . Ludwig von Mises Institute . September 13, 2014 . July 28, 2013 . https://web.archive.org/web/20130728094916/http://mises.org/Faculty . live .
  48. Web site: Jörg Guido Hülsmann .
  49. Web site: Peter Klein . Baylor University's Hankamer School of Business . December 22, 2017 . en . June 8, 2017 . https://web.archive.org/web/20170608014602/http://business.baylor.edu/directory/?id=Peter_Klein . live .
  50. Web site: Senior Fellows, Faculty Members, and Staff . Ludwig von Mises Institute . September 13, 2014 . July 28, 2013 . https://web.archive.org/web/20130728094916/http://mises.org/Faculty . live .
  51. Web site: Joseph T. Salerno .

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