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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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Understanding “Quid Pro Quo”

The terms “quid pro quo” has been twisted to now include government handouts and state-mandated exchanges, so long as the value of goods trading hands are deemed to be of “equal value.” True voluntary exchange, on the other hand, is something quite different.


The Index Card of Allowable Opinion

Tom Woods explains the “unacceptable“ opinions behind freedom and free markets.


Mises Economics Blog

Ryan McMaken: Global Warming Debate Over: We're Doomed
According to Guy McPherson, Professor Emeritus of Natural Resources, Ecology, etc., at the University of Arizona, (presumably man-made) climate change is irreversible and, basically, we're all doomed. As I've noted before, anyone who actua ... More »

Mark Thornton: The End of QE3, Trouble Ahead for the Bulls?
Austrian economist Micheal Pollaro writes that with the end of QE3 coming that stock market bulls need to take a note of caution because the Austrian measure of the money supply is already falling. This is typically a sign of trouble for stock market ... More »

Matt McCaffrey: I Only Read It for the Articles! Rothbard’s Penthouse Interview
[caption id=attachment_12787 align=alignright width=302] G-Rated (Almost) Edit of October 1976 Cover[/caption] In the 1970s, Penthouse magazine had a reputation for featuring the ideas of unorthodox political thinkers and movements. That’s why in ... More »

Mark Thornton: The Fed as Stock Market Manipulator
The notion that the Federal Reserve has been acting to manipulate stock markets has been active for decades, but rarely has that notion been openly discussed in the mainstream media. In this article by Howard Gold the Fed is praised for its market ti ... More »

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In the Mises Store

Place of Economics in Learning, The

We’ve put into print a single chapter from Human Action, “The Place of Economics in Learning.” We picked it because it provides an excellent overview of the Misesian worldview concerning economics... More »

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 »

Anatomy of the State

This gives a succinct account of Rothbard’s view of the state. Following Franz Oppenheimer and Albert Jay Nock, Rothbard regards the state as a predatory entity. It does not produce anything... More »

Newly Updated E-books

Planned Chaos

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

Making Economic Sense

Anatomy of the State

The Private Production of Defense



Online Courses in the Mises Academy See All Courses


"Why Capitalism?"
Forget Ronald Reagan; Henry Hazlitt was the true “great communicator.” Espe... (more) Register Now

"Austrian Microeconomics"
The heart of Austrian economics is its theory of value, exchange, productio... (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

"Austrian Macroeconomics"
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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
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Austrian Economics Research Conference 2015
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East Coast Regional Mises Circle 2015
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Rothbard Graduate Seminar 2015
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Mises University 2015
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