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The Ludwig von Mises Institute

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

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You Can’t Run an Economy with Spreadsheets

Some politicians still seem to be under the impression that an economy can be successfully planned with computers and technicians as long as the right data is entered into spreadsheets. Mises and Hayek proved this idea wrong many decades ago.


Six Myths About Money and Inflation

Politicians and the mainstream media have faith in the central banks to manipulate and manage the global economy. Unfortunately, things are not so easy.


Mises Economics Blog

Robert Higgs: State Monopolists Don't Work for You
I see that some people have become a bit upset with how the police are conducting themselves recently. They declare that the police need to be reminded that they work for us, not the other way around. This statement expresses an utterly naive and unt ... More »

Jeff Deist: The Mythical "Wealth Effect"
Seeking Alpha has a nice article debunking the tired wealth effect concept. We see this phony phrase trotted out endlessly, but it's helpful to understand it as combining both Keynesian and Monetarist elements: Higher equity prices  ... More »

Ryan McMaken: How to Help the Mises Institute on Facebook
As you probably know, Facebook is constantly changing its methods of deciding which posts you see and which you don't see. Privacy settings change constantly as do settings for your news feed. It difficult to say exactly how these changes affect ... More »

Ryan McMaken: A Free Market Case for Independence: Let’s Make Scotland Like Hong Kong
Alasdair Macleod makes a sensible recommendation. This article originally appeared on City A.M.: A free market case for independence: Let’s make Scotland like Hong Kong by Alasdair Macleod In September, Scottish residents will ... More »

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In the Mises Store

The Law

How is it that the law enforcer itself does not have to keep the law? How is it that the law permits the state to lawfully engage in actions which, if undertaken by individuals, would land them in j... More »

Lessons for the Young Economist

This is the textbook Lessons for the Young Economist. We are beyond mere excitement about Lessons for the Young Economist. It is easily the best introduction to economics for the young reader&m... More »

Quotable Mises, The

Ludwig von Mises was the greatest economist of the twentieth century, but often readers are reluctant to tackle his major works. They fear that they will be unable to follow that abstract and relentle... 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


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

"How to Think: Introduction to Logic"
This course will present some of the essentials of logic---the science of c... (more) Register Now

"The Road to Serfdom: Despotism, Then and Now"
The purpose of this course, "The Road to Serfdom: Despotism Then and Now," ... (more) Register Now

"Human Action: Austrian Sociology"
This course covers Part II of Human Action. It is not required to have take... (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
| Costa Mesa, California

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Mises Circle Southwest Regional 2015 in Houston

Mises Circle Southwest Regional 2015 in Houston
| Houston, Texas

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Austrian Economics Research Conference 2015

Austrian Economics Research Conference 2015
| Auburn, AL

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Rothbard Graduate Seminar 2015

Rothbard Graduate Seminar 2015
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Mises University 2015

Mises University 2015
| Auburn, Alabama

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