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The Ludwig von Mises Institute

Advancing Austrian Economics, Liberty, and Peace

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

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Austrian Capital Theory and Dawn of the Planet of the Apes

If the apes in Dawn of the Planet of the Apes are so smart, why are they hunter-gatherers? Aren’t they smart enough to think of agriculture? They’re probably smart enough, but Austrian capital theory explains why creating a more technologically-advanced society is easier said than done.


The Failure of Fixed Rates

The only thing worse than floating fiat currencies is fixed exchange rates based on fiat money.


Mises Economics Blog

Ryan McMaken: Being a State Means Never Having to Pay Your Debts
Nicolas Cachanosky follows up his Mises Daily article on the legal history of Argentina's default with a look at the recent effort to blame the default on everyone but the Argentinian government: Joseph Stiglitz and Martin Guzman  ... More »

Ryan McMaken: Ridesharing and Government Efforts to Kill More Jobs
Mises Institute Associated Scholar Jacob Huebert speaks on the war against ridesharing programs and just how damaging they are for ordinary people. For those who are unfamiliar with ridesharing, it is nothing more than private individuals providing r ... More »

Mark Thornton: Colorado's Illegal Pot Market Thrives
Not unexpectedly, Colorado's illegal marijuana market has been reported as thriving. The reasons for this are pretty straightforward. First, it is a new and highly regulated market making it difficult to supply products and keeping legal marijuan ... 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



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"Broken Capitalism"
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"Human Action: Austrian Sociology"
This course covers Part II of Human Action. It is not required to have take... (more) Register Now

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

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Austrian Economics Research Conference 2015
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