Ludwig von Mises

Ludwig Heinrich Edler von Mises (German: [ˈluːtvɪç fɔn ˈmiːzəs]; 29 September 1881 – 10 October 1973) was a theoretical Austrian School economist. He is best known for his work on praxeology, a study of human choice and action. Mises emigrated from Austria to the United States in 1940. Mises's writings have exerted significant influence on the libertarian movement in the United States since the mid-20th century.

Biography

Early life

Ludwig von Mises was born to Jewish parents in the city of Lemberg, in Galicia, Austria-Hungary (now L'viv, Ukraine). The family of his father Arthur Edler von Mises had been elevated to the Austrian nobility in the 19th century, and was involved in building and financing railroads. Ludwig's mother, Adele (born Landau), was a niece of Joachim Landau, a Liberal Party deputy to the Austrian Parliament. Arthur was stationed there as a construction engineer with Czernowitz railway company. At the age of twelve Ludwig spoke fluent German, Polish, and French, read Latin, and could understand Ukrainian. Mises was the older brother of mathematicianRichard von Mises, a member of the Vienna Circle. When Ludwig and Richard were children, his family moved back to Vienna.

Ludwig von Mises Institute

The Ludwig von Mises Institute (LvMI), often referred to as the Mises Institute, is a tax-exempt libertarian organization located in Auburn, Alabama, United States. It is named for Austrian School economist Ludwig von Mises (1881–1973). Its website states that it is dedicated to advancing "the Misesian tradition of thought through the defense of the market economy, private property, sound money, and peaceful international relations, while opposing government intervention."

The Mises Institute was founded in 1982 by Llewellyn H. Rockwell, Jr., Burton Blumert and Murray Rothbard, following a split between the Cato Institute and Rothbard, who had been one of the founders of the Cato Institute. Additional backing for the founding of the Institute came from Mises's wife, Margit, Henry Hazlitt, Lawrence Fertig, and Friedrich Hayek. Through its publications, the Institute promotes anarcho-capitalist political theory and a form of heterodox economics known as praxeology ("the logic of action").

Auburn, Alabama

Auburn is a city in Lee County, Alabama, United States. It is the largest city in eastern Alabama with a 2014 population of 60,258. It is a principal city of the Auburn-Opelika Metropolitan Area. The Auburn-Opelika, AL MSA with a population of 150,933, along with the Columbus, GA-AL MSA and Tuskegee, Alabama, comprises the greater Columbus-Auburn-Opelika, GA-AL CSA, a region home to 501,649 residents.

Auburn is a college town and is the home of Auburn University. It is currently the fastest-growing metropolitan area in Alabama and the nineteenth fastest-growing metro area in the United States since 1990. U.S. News ranked Auburn among its top ten list of best places to live in the United States for the year 2009. The city's unofficial nickname is “The Loveliest Village On The Plains,” taken from a line in the poem The Deserted Village by Oliver Goldsmith: “Sweet Auburn! loveliest village of the plain...”

History

Inhabited in antiquity by the Creek, the land on which Auburn sits was opened to settlement in 1832 with the Treaty of Cusseta. The first settlers arrived in the winter of 1836 from Harris County, Georgia. These settlers, led by Judge John J. Harper, intended to build a town that would be the religious and educational center for the area.

Robert P. Murphy

Robert Patrick Murphy (born 23 May 1976) is an American economist, consultant and author. He is an economist with the Institute for Energy Research (IER) specializing in climate change and a research fellow with the Independent Institute, He was a senior fellow in business and economic studies at the Pacific Research Institute, and he is an associated scholar at the Ludwig von Mises Institute. In addition to economic subjects, Murphy writes about, and has presented an online video class in, anarcho-capitalism on the Mises Institute website. Murphy is also noteworthy, and has been criticized by economists Brad DeLong and Paul Krugman for, repeatedly predicting that the quantitative easing practiced by the Federal Reserve in the late 2000s would create double-digit inflation--predictions that did not come to fruition.

Life and work

Murphy received a BA in economics at Hillsdale College in 1998 and a Ph.D. in economics at New York University in 2003. He returned to Hillsdale from 2003 to 2006, as a Visiting Assistant Professor of Economics. Thereafter, he moved to his current home in Nashville, Tennessee, where he was briefly employed at Laffer Investments. Currently, he is the president of Consulting By RPM, where he specializes in economic analysis for a lay audience.