| Mises Institute

The fascinating history of this great body of thought, through all its ebbs and flows, is the story of how great minds can advance science and oppose evil with creativity and courage. Now the Austrian School enters a new millennium as the intellectual standard bearer for the free society. That it does so is thanks to the heroic and brilliant minds that make up the family history of the School, and to those who are carrying that legacy forward with the Ludwig von Mises Institute.

The 50 Great Pioneers of American Industry

Read more about The 50 Great Pioneers of American Industry

Mises Institute 50 Great Pioneers of American Industry

Money, Banking, and the Federal Reserve

Read more about Money, Banking, and the Federal Reserve

The complete transcript of the Institute’s famous documentary on the Federal Reserve.

Present Payments, Past Wrongs: Correcting Loose Talk about Nozick and Rectification

Read more about Present Payments, Past Wrongs: Correcting Loose Talk about Nozick and Rectification

The Problem Stated

According to Nozick (and Locke and innumerable others), what has come to be termed “distributive justice” is a matter of goods going to those who made or found them, or to those who get them from others by agreement, e.g. by buying or selling them.

Subscribe to

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.

Become a Member