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Advancing Austrian Economics, Liberty, and Peace

Advancing the scholarship of liberty in the tradition of the Austrian School

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Time Preference and Long-Term US Interest Rates

Long-term interest rates are going down, but many Fed observers, relying on expectations theory, wrongly think they should be going up. If we understand Mises and time preference, however, we can see the true trend much more clearly.


Why Historical Revisionism Matters

Historical revisionism is the process of unmasking government excuses for war and war-making.


Mises Economics Blog

Ryan McMaken: Some Recently Translated 'Mises Daily' Articles from South America
Our friends at other Mises Institutes around the globe seem to be really churning out the new translations these days. Here are several new ones: Portuguese: Cinco lições sobre o referendo escocês translated from Five Lessons Lea ... More »

Joseph Salerno: The First Carl Menger Prize Awarded!
The Verein für Socialpolitik is currently the largest association of German-speaking economists in the world.  It was founded in 1873 by economists of the German historical school and was chaired for many years by their leader Gus ... More »

Ryan McMaken: Summer's Over
Summer's over at the Mises Institute, but we had lots of great graduate and undergraduate students here this year for Mises University, Rothbard Graduate Seminar, and the Summer Fellows program. It's not too early to think about which 2015 pr ... More »

Ryan McMaken: White House: No Estimate on Costs of War on ISIS
Jason Ditz writes at Antiwar.com: The Obama Administration is seeking to avoid any discussion of the massive costs of the new war on ISIS, with the White House pointedly refusing to provide any estimates on what the war has cost so far, or ... More »

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In the Mises Store

Choice in Currency

A path-breaking essay by Hayek, newly in print in cooperation with the Institute of Economic Affairs, this piece first appeared in 1976, during an inflationary bout in the U.S.. Hayek saw that it was ... More »

Toward a Libertarian Society

Walter Block has for decades been one of the most effective and indefatigable defenders of libertarianism. One feature in his writing stands out, from his classic Defending the Undefendable to the pre... More »

Economics of Prohibition, The

It is conventional wisdom that alcohol prohibition failed, but the economic reasons for this failure have never been as extensively detailed or analyzed as they are in this study by Mark Thornton. Th... More »

Newly Updated E-books

"Woodrow Wilson's Defeat in Yugoslavia: The End of a Multicultural Utopia"

Making Economic Sense

Anatomy of the State

The Private Production of Defense

Liberty and Property



Online Courses in the Mises Academy See All Courses


"Anatomy of the Fed"
This course covers both the theory and history behind the Federal Reserve, ... (more) Register Now

"Human Action: Austrian Economics & Philosophy"
It is perhaps the most important and profound book ever written. Yet how ma... (more) Register Now

"The Rothbardian Analysis of the State "
Murray Rothbard was a brilliant Austrian School economist and the most famo... (more) Register Now

"Broken Capitalism"
This course will use some of the best writing of Henry Hazlitt and Ludwig v... (more) Register Now

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Mises Circle West Coast Regional 2014 in Costa Mesa

Mises Circle West Coast Regional 2014 in Costa Mesa
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Mises Circle Southwest Regional 2015 in Houston

Mises Circle Southwest Regional 2015 in Houston
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Austrian Economics Research Conference 2015

Austrian Economics Research Conference 2015
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Rothbard Graduate Seminar 2015

Rothbard Graduate Seminar 2015
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Mises University 2015

Mises University 2015
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