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. 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").
This article uses material from the Wikipedia article "Ludwig von Mises Institute" as of 19 Feb 2016, which is released under the Creative Commons Attribution-Share-Alike License 3.0.