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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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Rothbard Graduate Seminar 2003

June 2

Mises Institute

Before the 20th century, economic science was seen as an integrated whole that lent itself particularly well to treatise-length expositions. Every important economist aspired to write one that built the science, block by block, from first principles to every conceivable application.  

But since World War II, and the triumph of Keynesianism and positivism,  only two treatises that have stood out: Mises's Human Action (1949) and Murray Rothbard's Man, Economy, and State (1962)--both masterworks of the Austrian tradition.

Rothbard's treatise began as a textbook to teach Misesian theory, but quickly took on the character of a grand intellectual project. More than any other book in the generation after Mises, it has shaped the Austrian understanding of theory and policy. It is this treatise that formed the bridge between the interwar Austrians and the present generation.

This seminar, designed for graduate students from a variety of disciplines, is devoted to examining Rothbard's treatise in particular. The Mises Institute's Scholar's Edition (2003) integrates the original treatise with the part that was cut and later appeared at Power and Market. The new edition includes introductory material from the archives. All accepted students will receive complementary copies of the reading material.

Led by a remarkable faculty, a select number of students will participate in a week of seminars that will take us from the first page to the last. Rarely does an opportunity such as this appear in the life of a student. The program ends with a Mündliche Prüfung, an optional exam for an honors certificate. All events, including special meals and evening receptions, will take place at the Mises Institute. All students will have week-long access to the library and computers.

To apply, go to the Student Scholarship Application. The conference application requires two academic letters of recommendation, a sample research paper, informal transcripts, and a copy of your student ID. Accepted students receive full tuition, a double-occupancy dorm room, transportation between Atlanta, Georgia, and Auburn, Alabama, as well as discounts on books purchased at the Institute.

Students who complete applications received by February 1, 2003, will be notified by February 3. Those who apply by March 1 will be notified by March 3, while those who apply by April 1 will be notified by April 3. Applications after April 15 will not be considered.  

FACULTY

SCHEDULE 

Monday June 2

  • 9:00-10:15am  The Place of Man, Economy, and State in Austrian School History. Salerno        
  • 10:30-11:45am  The Writing of Man, Economy and State. Stromberg         
  • 12:00pm  Lunch          
  • 1:00-2:15pm The Fundamentals of Human Action (pp. 1-66). Gordon        
  • 2:30-3:45pm  Direct Exchange (pp. 67-159). Salerno         
  • 4:00-5:15pm  Patterns of Indirect Exchange (pp. 160-200). Hülsmann          
  • 5:30pm Dinner 

Tuesday June 3 

  • 9:00-10:15am  Prices and Consumption (pp. 201-72). Block         
  • 10:30-11:45am  Production: The Structure (pp. 273-312). Salerno          
  • 12:00pm  Lunch         
  • 1:00-2:15pm  Production: The Rate of Interest and Its Determination (313-85). Hülsmann          
  • 2:30-3:45pm  Production: General Pricing of the Factors (pp. 387-434). Klein           
  • 4:00-5:15pm  Production: Entrepreneurship and Change (pp.463-501) . Hoppe         
  • 6:00pm Dinner and discussion at Mr. Gatti's

Wednesday June 4 

  • 9:00-10:15am  Production: Particular Factor Prices and Productive Incomes (pp. 502-59). Klein.         
  • 10:30-11:45am  Monopoly and Competition 1 (pp. 560-619). Salerno        
  • 12:00pm  Lunch          
  • 1:00-2:15pm  Monopoly and Competition 2  (pp. 620-60). Block         
  • 2:30-3:45pm  Money and Its Purchasing Power (pp. 661-93). Salerno         
  • 4:00-5:15pm  The Supply of Money 1 (pp. 698-718). Hoppe         
  • 5:30pm Dinner         
  • 7:30pm Movie: (Amphitheater) 

Thursday June 5  

  • 9:00-10:15am The Supply of Money 2 (pp.719-64) . Hülsmann         
  • 10:30-11:45am  The Economics of Violent Intervention (765-890). Block          
  • 12:00pm  Lunch          
  • 1:00-2:15pm Q&A Session. Thornton         
  • Break          
  • 7:30pm Movie

Friday June 6 

  • 9:00-10:15am  Defense Services on the Free Market (PM pp. 1-9). Hoppe         
  • 10:30-11:45am Fundamentals of Intervention (pp. 10-24). Hülsmann         
  • 12:00pm  Lunch          
  • 1:00-2:15pm Triangular Intervention I (pp. 24-41). Klein.          
  • 2:30-3:45pm  Triangular Intervention II (pp. 41-82).   Block           
  • 4:00-5:15pm  Binary Intervention: Taxation (Parts I and II) (pp. 83-117). Hoppe           
  • 6:30pm  Dinner and discussion at Mr. Gatti's

Saturday June 7 

  • 9:00-10:15am   Binary Intervention (Parts III and IV) (pp. 118-67). Block         
  • 10:30-11:45am  Binary Intervention: Government Expenditures 9pp. 168-202).  Hoppe         
  • 12:00pm  Lunch          
  • 1:00-2:15pm   Antimarket Ethics: A Praxeological Critique (pp. p. 203-55). Gordon         
  • 2:30-3:45pm Economics and Public Policy (pp. 256-66). Klein        
  • 4:00-6:15pm  Mündliche Prüfung (optional exams for honors credit)                     
  • 6:30-7:30pm  Closing Dinner         
  • 7:30pm  Movie (Amphitheater)

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A limited number of Observer spaces are available. The price of $675 includes all meals, lectures, and student materials. The price of housing is $25 per night at the student dorm (double-occupancy), $35 per night at the student dorm (single-occupancy) and $72 per night at the Auburn University hotel. And there are many other places to stay as well.  Use this Member Observer registration form.  For questions and special faculty rates, email pat@mises.org.

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