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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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Human Action Seminar

June 2

Auburn, Alabama

In old Vienna, the Austrian School was born, cultivated, and matured in small academic teaching seminars led and participated in by the greatest minds on the Continent. In the U.S., the Austrian School has experienced a rebirth, but the opportunities for intense, advanced, small group seminars are severely limited.

This is why the Mises Institute established the meetings of the Human Action Seminar. The next seminar will be held June 2-8, 2002. The text is The Scholar's Edition of Human Action, which all participants will have read in advance. Lectures and discussions take participants through the entire text, with applications to the whole range of economic theory, history, method, and policy. All sessions and meals are at the beautiful campus of the Mises Institute.

The seminar is limited to 20 outstanding students, with preference given to graduate students in economics, especially those who have attended the Mises University. The faculty includes the editors of The Quarterly Journal of Austrian Economics, along with other leading Austrian scholars from around the world. The program ends with a Mündliche Prüfung, an optional exam for an honors certificate.

Those selected to attend receive a full scholarship, including a copy of Human Action: The Scholars Edition, additional study materials, room, meals, transportation between Atlanta airport and Auburn, and will enjoy full access to the Mises Institute's Ward Library and papers. Limited travel assistance is also available. In addition to reading the treatise itself, it is recommended that students prepare with the following: Mises's "The Why of Human Action," Joe Salerno's "The Place of Human Action," and this supplement to the Scholars Edition which contains additions made for the 3rd edition.

Fill out the student application and specify the Human Action Seminar. Send a letter asking to attend, along with letters of recommendation and unofficial transcripts to pat@mises.org, or mail to the Mises Institute, 518 West Magnolia Ave., Auburn, Ala. 36832; fax (734) 448-8148. Deadline for application: April 8, 2002 (but the conference is likely to fill up long before).



SUNDAY June 2 10:00am, 3:00pm and 8:00pm  (Eastern Time) Express-85 shuttles leave Atlanta airport

  • 10:00am-9:00pm (Central Time) check-in at Commons Dormitory           
  • 6:30-9:30pm (Central Time) Express-85 bus between Commons Dorm and Mises Institute every half hour           
  • 6:30-9:30pm (Central Time) Registration and Reception at The Mises Institute 


  • 9:00-10:30am Session I: Human Action in the History of Thought. Salerno             
  • 11:00am-12:30pm Session II: Acting Man. (Chap 1, pp. 1-29) Hülsmann             
  • 1:30-3:00pm Session III: Epistemological Problems. (Chap 2-3, pp. 30-71) Gordon             
  • 3:30-5:00pm Session IV: Revolt Against Reason  (Chap 3-5, pp. 72-104) Herbener             
  • 7:00-8:00pm Piano Concert             
  • 8:00pm Social Hour and Discussion


  • 9:00-10:30am Session I Uncertainty and Action: (Chap 6-7, pp. 105-142) Hoppe             
  • 11:00am-12:30pm Session II Human Society. (Chap 8-9, pp. 143-194) Reisman             
  • 1:30-3:00pm Session III Exchange Within Society; Calculation. (Chap 10-13, pp. 195-232) Klein             
  • 3:30-5:00pm Session IV The Scope and Method of Catallactics. (Chap 14, pp. 233-257) Salerno             
  • 8:00pm Social Hour and Discussion (Gatti's Pizza)


  • 9:00-10:30am Session I The Market. (Chap 15, pp. 258-323) Klein             
  • 11:00am-12:30pm Session II Prices. (Chap 16, pp. 324-394) Salerno             
  • 1:30-3:00pm Session III Indirect Exchange. (Chap 17, pp. 395-475) Hoppe             
  • 3:30-5:00 Session IV All-Faculty Seminar I. Thornton             
  • 8:00pm Social Hour and Discussion (Gatti's Pizza)


  • 9:00-10:30am Session I Action in the Passing of Time. (Chap 18-19, pp. 476-534) Herbener             
  • 10:45am-12:15pm Session II Interest, Credit, Trade Cycle. (Chap 20, pp. 535-583) Hülsmann             
  • 1:00-2:30pm Session III Work, Wages (Chap 21-22, pp. 584-641) Reisman


  1. 9:00-10:30am Session I The Data of the Market (Chap 23-24, pp. 642-684) Gordon             
  2. 11:00am-12:30pm Session II Socialist Calculation. (Chap 25-26, pp. 685-711) Hoppe             
  3. 1:30-3:00pm Session III Intervention. (Chap 27-30, pp. 712-773) Reisman             
  4. 3:30-5:00pm Session IV Currency Manipulation  (Chap 31-33, pp. 774-816) Hülsmann            
  5. 8:00pm Social Hour and Discussion (Gatti's Pizza)


  1. 9:00-10:30am Session I War and Welfare. (Chap, 34-36, pp. 817-857) Klein             
  2. 11:00am-12:30pm Session II Economics in Society. (Chap 37-39, pp. 858-881) Gordon             
  3. 1:30-3:00pm Session III Roundtable on The Legacy of Mises and the Future of Economics             
  4. 3:30-5:00pm Session IV Mündliche Prüfung (optional exams for honors certificate)        
  5. 5:00 Barbecue and Wrapup

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