Ludwig von Mises remains at the center of everything that is today called the Austrian School of economics.
When the Mises Institute was founded more than forty years ago, most of our supporters were directly connected to Mises. First and foremost was Mises’s widow, Margit, whose tireless work in preserving Mises’s legacy lives on at the Mises Institute. The Institute also benefited from early support from Mises’s student F.A. Hayek, who won his Nobel Prize specifically for the Mises-Hayek business cycle theory. Journalist Henry Hazlitt was a great admirer of Mises and brilliantly popularized his work in regular columns for publications like Newsweek and the New York Times. And, of course, there was Murray Rothbard, Mises’s student and disciple, who brought Mises’s work to new generations of scholars and students.
To be a Misesian means to reject the usual milquetoast third-way fare that passes for “free-market” activism in much of today’s political discourse. Even in a time when Marxism was taken very seriously and the “mixed economy” was presumed the wave of future, Mises remained uncompromising, radical, and rigorous in a way that has been seen in few others. We hope to capture these qualities of steadfastness that made Mises so special in the pages of The Misesian for our readers.
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