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The Ludwig von Mises Institute

Advancing Austrian Economics, Liberty, and Peace

Advancing the scholarship of liberty in the tradition of the Austrian School

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Mises University 2004 (Second Session)

August 1

Auburn, Alabama

SCHEDULE

 

To accommodate demand in its 19th year, the Mises University has expanded to two summer sessions, different not in content or level but only in faculty and some subject areas. Come deepen your knowledge of the Austrian School, or discover it for the first time. The entire program of the Second Session will take place at the Mises Institute in Auburn, Alabama. The first session runs June 6-12, 2004.

Mises University is open to full-time students, faculty, and current Members of the Mises Institute (Click HERE to join). Interested full-time students can apply now to receive a scholarship covering full tuition, housing, and meals (catered and served at the Mises Institute). Faculty may use the faculty registration form.

AUSTRIAN ECONOMICS

Rooted in the tradition of Carl Menger and Ludwig von Mises, as well as Murray Rothbard and F.A. Hayek, the Austrian School offers a rigorous and logical approach to economics that gives free markets their due and takes full account of the reality of human choice.

More than a field within economics, the Austrian School is an entirely different approach that dissents from the mainstream on method, theory, and policy. It views economic actors as unique, conscious, and freely choosing individuals, not as undifferentiated data to be manipulated mathematically or politically.

THE PROGRAM

The Mises University is the world's leading instructional program in the Austrian School of economics. Since 1986, it has been the essential training ground for economists who are looking beyond the mainstream.

The program offers courses, seminars, and reading groups on the whole range of the discipline. A core curriculum presents economic foundations, and more than fifty elective classes explore the entire range of economics, in all levels of advancement. The program ends with a Mündliche Prüfung, an optional exam for an honors certificate.

Subject areas cover market behavior, competition, value and utility, money and banking, business cycles, industrial organization, method, economic history, the philosophy of science, financial economics, and more. You attend what most suits your interests and level of advancement.

Classes are interspersed with reading groups, discussion seminars, faculty panels, and plenary lectures. There are special sessions on economic history, economics and ethics, and political philosophy. Nightly social hours allow time to meet and discuss it all with faculty and other students. There's even a primer on surviving graduate school.

All students must be familiar with the Required Readings prior to attending.


THE CAMPUS

The Mises Institute, the world center for the scholarship of liberty, is located adjacent to the campus of Auburn University and near the heart of uptown Auburn. The recently expanded Mises Campus features semianr rooms, an extensive special-collections library, a large archival center housing the papers of Mises and other great Austrian economists, seminars rooms, and retail bookstore, a music conservatory, an outdoor amphitheater, and study gardens.

You'll stay in a private dormitory that offers comfortable. air-conditioned rooms with desks and private baths, parlor rooms with televisions, a swimming pool, a weight room, computer services, and a helpful staff.

All meals are catered and will be enjoyed at the library and gardens of the Mises Institute. Classes will be in the seminar rooms and library of the Mises Institute. Nightly social hours will offer refreshments and movies in an informal atmosphere ideal for discussing new ideas from the daily lectures or for making new friends.

THE FACULTY

Walter Block (Loyola University, New Orleans)
Thomas DiLorenzo (Loyola College, Baltimore)
Roger Garrison (Auburn University)
David Gordon (Mises Review)
Jeffrey M. Herbener (Grove City College)
Hans-Hermann Hoppe (University of Nevada, Las Vegas)
Jörg Guido Hülsmann (Mises Institute)
Peter Klein (University of Missouri)
Roderick T. Long (Auburn University)
Joseph T. Salerno (Pace University)
Joseph Stromberg (Mises Institute)
Mark Thornton (Ludwig von Mises Institute)


THE CONSUMERS SAY: See this compendium of student comments


The Schedule

SUNDAY, August 1, 2004

  • 5:00-7:00pm Registration at Mises Institute (bus between dorm and Mises Institute every half hour)
  • 7:00pm Dinner at the Mises Institute
  • 8:00pm Welcoming remarks, faculty introductions Thornton. Condon Lecture Hall [LIVE VIDEO]
  • 8:15pm Mises and the Foundation of Austrian Scholarship. Hülsmann. Condon Lecture Hall [LIVE VIDEO]
  • 9:00 Social Hour
  • 10:00pm Shuttle departs Mises Institute for dorm and hotel

MONDAY August 2

  • 7:30-8:30am Breakfast at Commons Dorm
  • 8:30am Shuttle departs dorm for Mises Institute
  • 9:00-10:00am The Marginalist Revolution. Salerno. Condon Lecture Hall [LIVE VIDEO]
  • 10:15-11:00am Value, Utility, and Price. Herbener.  Condon Lecture Hall [LIVE VIDEO]
  • 11:30am-12:30pm Praxeology: The Austrian Method. Hoppe. Condon Lecture Hall [LIVE VIDEO]
  • 12:30pm Group photo in Hogan Amphitheater
  • 12:45-1:30pm Lunch at Mises Institute
  • 1:30-2:30pm Time Preference and Interest. Herbener. Condon Lecture Hall [LIVE VIDEO]
  • 2:45-3:45pm The Theory of the Firm. Klein. Condon Lecture Hall [LIVE VIDEO]
  • 4:00-5:00pm Calculation and Price Theory. Salerno. Condon Lecture Hall [LIVE VIDEO]
  • 5:00pm Dinner at the Mises Institute
  • 6:00pm The Future of Austrian Economics: A Video with Murray Rothbard. Condon Lecture Hall  [LIVE VIDEO]
  • 7:00pm The Mises Circle: Informal Talk. Block. Condon Lecture Hall [LIVE VIDEO]
  • 8:00pm Shuttle departs Mises Institute for Commons Dorm/Hotel
  • 8:00pm Film in Amphitheater (shuttle to Dorm following movie )

TUESDAY August 3

  • 7:30-8:30am Breakfast at Commons Dorm
  • 8:30am Shuttle departs Dorm/Hotel for Mises Institute
  • 9:00-10:00am Money and Banking. Hoppe. Condon Lecture Hall [LIVE VIDEO]
  • 10:15-11:15am Capital. Garrison. Condon Lecuture Hall [LIVE VIDEO]
  • 11:30-12:30pm Interventionism (rent control, wage laws, unions, tariffs). Block. Condon Lecture Hall [LIVE VIDEO]
  • 12:30-1:30pm Lunch at the Mises Institute
  • 1:30-2:30pm Austrian Theory of the Trade Cycle. Garrison. Condon Lecture Hall [LIVE VIDEO]
  • 2:45-3:45pm Monopoly and Competition. DiLorenzo. Condon Lecture Hall [LIVE VIDEO]
  • 4:00-5:00pm  Wages and Labor. DiLorenzo. Condon Lecture Hall [LIVE VIDEO]
  • 5:00pm Dinner at the Mises Institute
  • 7:00pm: The Mises Circle: Songs of the Mises Circle. Ward Conservatory [LIVE AUDIO]
  • 8:00pm Shuttle departs Mises Institute for Commons Dorm
  • 8:00pm Film in Hogan Amphitheater (shuttle to Dorm following movie )

WEDNESDAY August 4

  • 7:30-8:30am Breakfast at Commons Dorm
  • 8:30am Shuttle departs Dorm/Hotel for Mises Institute
  • 9:00-10:00am Concurrent Sessions
    • Theory of Profit, Loss, and Entrepreneurship, Salerno. Condon Lecture Hall  [LIVE AUDIO] 
    • Epistemological Problems of Economics. Gordon. Massey Library [LIVE AUDIO] 
  • 10:15-:11:15am Concurrent Sessions
    • Economics of the Public and Semi-Public Sector. DiLorenzo. Condon Lecture Hall   [LIVE AUDIO]
    • Economics of Risk and Insurance. Hoppe. Massy Library [LIVE AUDIO]
  • 11:30-12:30pm Concurrent Sessions
    • Public Spending and Public Goods. DiLorenzo. Condon Lecture Hall   [LIVE AUDIO]
    • Austrian Theory of the Trade Cycle II. Garrison. Massey Library [LIVE AUDIO]
    • International Law and the Economic Relations Between States. Stromberg. Schlarbaum Seminar Room
  • 12:30-1:30pm Lunch at Mises Institute
  • 1:30-2:30pm Concurrent Sessions
    • Privatization: Roads, eminent domain. Block. Room 1  [LIVE AUDIO]
    • Problems in Cycle Theory. Hülsmann. Room 2 [LIVE AUDIO]
  • 2:45-3:45pm Concurrent Sessions
  • 4:00-5:00pm Seminars
    • Applications of Austrian Macroeconomic Theory. Garrison, Stromberg. Condon Lecture Hall
    • Money and Banking. Block, Salerno. Massey Library
    • Firms and Financial Markets. Klein, Thornton. Schlarbaum  Seminar Room
  • 5:30pm Shuttle from Mises Instititute to Rooster's 
  • 5:30pm Dinner and Social Hour at Roosters (one block east from the Mises Institute)
  • 7:00-8:00pm Shuttle departs Roosters for Commons Dorm every 15 minutes

THURSDAY August 5

  • 7:30-8:30am Breakfast at Commons Dorm
  • 8:30am Shuttle departs Dorm/Hotel for Mises Institute
  • 9:00-10:00am Concurrent Sessions
    • Environmental and Resource Economics. Block. Condon Lecture Hall  [LIVE AUDIO]
    • Critique of Keynesian Macroeconomics. Herbener. Massey Library  [LIVE AUDIO]
  • 10:15-11:15am Concurrent Sessions
    • The Macroeconomics of Government Finance. Garrison. Condon Lecture Hall  [LIVE AUDIO]
    • Foundations of Welfare Economics. Hülsmann. Massey Library [LIVE AUDIO]
  • 11:30-12:30pm Concurrent Sessions
    • The Economics of the Gold Standard. Block. Condon Lecture Hall  [LIVE AUDIO]
    • Theory and History. Gordon. Massey Library [LIVE AUDIO]
    • Rothbard on Doing Economic History. Stromberg. Schlarbaum Seminar Room
  • 12:30-1:30pm Lunch at the Mises Institute
  • 1:30-2:30pm Concurrent Sessions
    • Alternative Macroeconomic Paradigms. Garrison. Condon Lecture Hall  [LIVE AUDIO]
    • Further Considerations in the Theory of Interest. Hülsmann. Massey Library [LIVE AUDIO]
  • 2:45-3:45pm Concurrent Sessions
    • Economics as a Profession. Klein. Condon Lecture Hall  [LIVE AUDIO]
    • Mises and Rothbard in the History of Thought. Salerno. Massey Library [LIVE AUDIO]
  • 4:00-5:00pm Concurrent Seminars
    • Theory and History. Hoppe, Hülsmann. Condon Lecture Hall
    • Economics and Ethics. Gordon, Long. Massey Library
    • A Critique of Public Choice on Government. Thornton, DiLorenzo. Schlarbaum Seminar Room 
    • Common Errors in Economic Theory. Herbener, Klein. Hogan Seminar Room
  • 5:00pm Dinner
  • 7:00pm The Mises Circle: Informal Talk. DiLorenzo [LIVE AUDIO]
  • 8:00pm Social Hour
  • 8:00-9:00pm Shuttle from Mises Institute to dorm/hotel every 15 minutes

FRIDAY August 6

(Deadline for signing up for Mündliche Prüfung at 5:00pm today. Sign-up sheet and testing information are at front desk.)

  • 7:30-8:30am Breakfast at Commons Dorm
  • 8:30am Shuttle departs dorm/hotel for Mises Institute
  • 9:00-10:00am Concurrent Sessions
  • 10:15-11:15pm Concurrent Sessions
    • Extensions and Applications in Austrian Macroeconomics. Garrison. Condon Lecture Hall  [LIVE AUDIO]
    • International Monetary Systems. Salerno. Massey Library [LIVE AUDIO]
    • Corporativism and the Warfare State. Stromberg. Schlarbaum Seminar Room
  • 11:30-12:30pm Concurrent Sessions
    • Current Topics in Economic Policy (equal pay, discrimination and the glass ceiling) Block. Condon Lecture Hall  [LIVE AUDIO]
    • Economic Reasoning: Principles and Common Fallacies. Gordon. Massey Library [LIVE AUDIO]
  • 12:30-1:30pm Lunch at Mises Institute
  • 1:30-2:30 Concurrent Sessions
    • History and New Directions for Austrian Economists. Salerno. Condon Lecture Hall  [LIVE AUDIO]
    • Recent Monetary Crises. Herbener. Massey Library [LIVE AUDIO]
  • 2:45-3:45pm Concurrent Sessions
    • Protection and the Market for Security. Hoppe. Condon Lecture Hall  [LIVE AUDIO]
    • Why Economists Should know Logic and Philosophy. Long. Massey Library [LIVE AUDIO]
  • 4:00-5:00pm Faculty Panels
    • Microeconomics: Klein, Gordon, Herbener, Garrison, Stromberg, Thornton. Condon Lecture Hall
    • Macroeconomics: Hülsmann, Block, Hoppe, Long, Salerno. Massey Library 
  • 5:00pm Dinner at Mises Institute
  • 7:00pm: The Mises Circle: Informal Talk. Long.   [LIVE AUDIO]
  • 8::00pm Shuttle departs Mises Institute for dorm/hotel
  • 8:00pm Film in Hogan Amphitheater (Shuttle to dorm following movie)

SATURDAY August 7

  • 8:00 and 8:30am shuttle from Commons Dorm/Hotel to the Mises Institute
  • 8:00-8:45am Breakfast at Mises Institute
  • 9:00-10:00am Concurrent Sessions
  • 10:15-11:15am Concurrent Sessions
    • Economics of Political Centralization. Hoppe. Condon Lecture Hall  [LIVE AUDIO]
    • The Utopianism of Marx and Keynes. Herbener. Massey Library [LIVE AUDIO]
  • 11:30-12:30pm Concurrent Sessions
    • Knowledge and Judgement. Hülsmann. Condon Lecture Hall  [LIVE AUDIO]
    • Business Cycles and Prediction. Thornton. Schlarbaum Seminar Room
  • 12:30-1:30pm Lunch at Mises Institute
  • 1:30-2:30pm Concurrent Sessions
    • Recent Books Important to Austrians. Gordon. Condon Lecture Hall  [LIVE AUDIO]
    • Apriorism and Positivism in the Social Sciences . Long. Massey Library [LIVE AUDIO]
  • 2:45pm Study Time and Mündliche Prüfung (optional exams for honors certificate: Those who would like to have their knowledge tested at the end of the conference may choose to take part in an oral exam (German: Mündliche Prüfung). Other than in the U.S. and many other countries, viva voce examination has always been, and is still, the standard form of exam in Central Europe. A jury composed of three to five professors from our faculty will engage each examinee in a tough 10-15 minutes question-and-answer session. Those who pass will receive a graded certificate (ask your school's administration whether you can get credit for it).
  • 3:00pm Shuttle from Mises Institute to Commons Dorm
  • 3:00pm Film in Condon Lecture Hall
  • 5:00pm Shuttle from Commons Dorm to Mises Institute
  • 5:30 pm Closing Cook-out, Graduation, and Social Hour at Mises Institute
  • 7:30-8:30pm Shuttle from Mises Institute to Commons Dorm every 15 minutes

HOW TO APPLY

If you are a full-time student, graduate or undergraduate, fill out the on-line Student Scholarship Application which can be sent by mail or email attachment. The application deadline for session two is July 19, 2004. Economics majors have priority, but students in all disciplines are encouraged to apply. Use a separate sheet of paper to answer the questionnaire, and include an unofficial academic transcript and a copy of your student ID. Submitting papers, especially those dealing with Austrian School topics, and academic letters of recommendation, enhances the likelihood of acceptance. Mark clearly on your application whether you prefer to attend the first or second session.

If accepted, you must then familiarize yourself with the Required Readings, most of which are available on Mises.org. If you beat the rush, you will have a better chance of acceptance.

There are openings available for faculty members at the rate of $375, which covers tuition. Use this faculty registration form.

A limited number of Observer spaces are available. The price of $675 includes all meals, lectures, and student materials. The price of housing is $25 double occupancy, per person per night at the student dorm or $35 single occupancy. For hotels in the Auburn area, click HERE. Use this Member Observer registration form. For questions, email pat@mises.org.

Accommodations: http://mises.org/hotels.asp or register on-line for a dormitory room. Mention Mises Institute for special rates of $65 at Crenshaw House Bed and Breakfast.

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