The Mises Institute is honored to be taking over the public action of The Journal of Libertarian Studies , one of the most important scholarly journals to appear in the history of ideas. In a market too often dominated by conventional wisdom, academic log-rolling, and risk-averse research with no practical application, the JLS, from its inception
The Free Market 24, no. 12 (December 2004) H ans F. Sennholz, winner of the 2004 Gary G. Schlarbaum Prize for Lifetime Achievement in Liberty, is one of the handful of economists who dared defend free markets and sound money during the dark years before the Misesian revival. He did so with eloquence, precision, and brilliance. He has never tired
The Free Market 26, no. 7 (July 2005) The 20th century was a time when the world sang the praises of despots and despotism. The more wars government leaders fought, the more they centralized their control, the more they hobbled the economy, the more liberty they stole, the more they cut off trade and exchange with other nations, the more their
The Free Market 26, no. 9 (September 2005) [Originally written as an introduction to For A New Liberty] There are many varieties of libertarianism alive in the world today, and they owe a great debt to the work of Ludwig von Mises. His top American student was Murray N. Rothbard, and Rothbardianism remains the center of its intellectual gravity,
The more time you spend with Austrian economists or libertarian intellectuals, the more you realize that Murray Rothbard’s influence has been underestimated. No, his name is not a household word but his influence is felt in another way: those who read him experience what amounts to the intellectual challenge of their lives. Whether that means
A dramatic change in the political and social landscape can happen nearly overnight. When does it happen? When the ideological conditions are right. At that point, no power on earth can stop it. What is seen is the upheaval. What is unseen is the long work of preparation. That preparation is everyone’s job. You can assist us in doing ours with a
There are only two times when the press is interested in the opinions of economists: when the economy crashes, or when there is a presidential election. And sadly, most of their opinions amount to pretending omniscience or shilling for government power. It seems remarkable that in the 18th and 19th centuries, to be an economist meant, above all,
What an enthusiastic, smart, and committed bunch of students we had this summer at the Mises University. The faculty agrees. This was an exceptional year. What encouragement it is to see so many young people taking up the cause of the free economy. We’ve become used to receiving more qualified applications than we can accept. But we were stunned
What caused this? It is a simple question, and yet answers are all over the map, as you might expect. Here’s mine in two words: fiat money . The word “fiat” here means by order of the state, which is to say that it has no independent worth and is eventually worth nothing. The possibility of precisely that happening emerged in August 15, 1971.
For years, many of us puzzled about how something so stupid and destructive as the New Deal could have happened. The stock market crashed because it was overinflated. That’s nothing new. History is filled with credit bubbles that pop. Resources are reallocated to reflect economic reality and we move on. The New Deal was different. It actually
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.