1990 mises institute report to members
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Volume S
A Report to Membersfor 1990
Dear Members,
The good news: 1990 was the year that Poland freed its prices,Czechoslovakia privatized many industries, Lithuania consid
ered free banking, and the Soviet Union talked about selling off 80% ofthe state's assets.
The bad news: the U.Sgovernment imposed more taxes, morespending, and more regulation on us.
It seems as if Eastern Europe's biggest intellectual export is socialism, and most of it is coming here. So the Ludwig von Mises Institute isworking—at both the scholarly and popular levels—in favor of privateproperty, individual liberty, sound money, and free markets. Here are thehighlights of 1990:
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New Publications
The Review ofAustrianEconomics is the only schol-
arly publication devoted toAustrian economics. Its publisher,Kluwer Academic Publishers, has
taken it to twice yearly, a real milestone for us and for Austrian eco
nomics.
Money,
Method,
and the
Market Process
Essays byLudwig von Mises
This year's publication ofMoney, Method, and the Market Process by Ludwig von Mises (essaysselected by Margit von Mises, edited by Richard Ebeling, and pub
lished by Kluwer Academic Publishers) was a seminal event in Institute history. Acollection of some ofhis best work, much of it previouslyunpublished, it is already beingadopted as a text. But the book is notjust for academics—as a book review in the Washington Times byWilliam Peterson of Campbell University pointed out.
What Has Government Done to
Our Money? is among MurrayRothbard'S most popular works. Itteaches more about monetary theory, in a shorter space, than anything else yet written. But thequality of the edition did not do itcredit, and was sometimes hard to
find. So the Mises Institute has published a beautiful new and ex
panded edition with a foreword byMises Institute president Lew Rockwell. We plan a wide distribution.
The Economics of Liberty editedby Lew Rockwell will soon be available, and it is the most exciting collection of short articles on the
economy and the government sinceThe Free Market Reader. You won't
want to miss this fiery collection.
busy from 8:00am until 10:00pm,closing the evening with a socialhour to discuss ideas presentedduring the lectures that day. Students say it is the most tiring eightdays of their life, but also the most
And speaking of The FreeMarket, this year our influentialnewsletter carried 60 articles on
how the economy should workand why it doesn't because of government interference. And The
Austrian Economics Newsletter, our
student publication, continues toreceive high praise.
Economic Calculation in the
SocialistCommonwealth by Ludwigvon Mises set the world on its ear
when it first appeared in 1920.Since this publication first showedwhy socialism could never work,we wanted to commemorate the de
molition of that monstrous ideologyby republishing ECSC—a sometimes hard-to-find work—in a
new and more attractive format.
And we added a foreword by former Gorbachev advisor Yuri N.
Maltsev, an introduction by University of Warsaw economist JacekKochanovicz, and a revisionist
postscript by Pace University economist Joseph T. Salerno.
1990 was also the year wesigned an agreement with KluwerAcademic Publishers to act as gen-
intellectually rewarding.
"The schedule was tough,"said Rose Kilburn, a student at theUniversity of California, SantaCruz, "but it was necessary toprovide a full picture of the Aus
trian school. Besides, Idon't hear these ideas anyother time during theschool year. I wanted totake advantage of it while Icould." Added John Moser,a student at the Universityof Illinois: "The beauty ofthe Austrian school is that
it has an irresistible logic toit. It was a very productiveweek. I learned an incredi
ble amount."
In choosing our MisesUniversity students fromthe many who apply, we
Through our active O.P.Alford III Center, we
held our annual Mises Univer
sity program at Stanford July7-14. The comprehensive instruction we offer in Austrian
economics is available
no where else in the
world. It teaches stu
dents, and even professors, about the Austrianschool, in nearly 60classes, over a dozenseminars, four plenarylectures, and much individual tutoring, by 16 ofthe most accomplishedAustrian economists in
the world. And it all
takes place on three lev-elsofinstruction.
The students are
mm
Professor Murray N. Rothbard gives the openinglecture at our Mises University.
eral editor of their series: "Studies in
Austrian Economics." Two vol
umes have appeared so far, and upcoming are The Meaning of Ludwigvon Mises, edited with an introduc
tion by Jeffrey Herbener of Washington & Jefferson College. It is anear-comprehensive collection onMises by important Austrian scholars.
Economic Calculation
in the
Socialist Commonwealth
h luJ-i..., Mbn
For series 1991 we have
p\anr\ed a collection of MurrayRothbard's best work on Austrian
economics, Roger Garrison's essays
look for those who have exhibited
intellectual credentials, academicachievements, and also the moralcourage needed to survive intoday's hostile economics classes.
The faculty, chaired by Murray Rothbard, included Robert Batemarco of MarymountCollege; Walter Block of theFraser Institute; WilliamsonEvers of the Hoover Institu
tion; Roger Garrison of Auburn University; DavidGordon of the Ludwig vonMises Institute; JeffreyHerbener of Washingtonand Jefferson College; Robert Higgs of Seattle University; Hans-Hermann Hoppeof the University of Nevada,Las Vegas; Yuri N. Maltsev;Sheldon Richman of the In
Conferences and Meetings
on capital theory and the businesscycle, a volume on the economics,history, and politics of the FederalReserve System, and a book on thehistory, economics, and politics oftaxation.
George Selgin, who teacheseconomics at the University ofGeorgia, was the first recipient of aMises Institute fellowship. Now heis the author of "Praxeology andUnderstanding," which the Institute is publishing as a monograph.
"The Rise and Decline of Re
form in China" by Sheldon Rich-man was published in ourpolicy-studies format. Its history ofChina's economic reforms explainswhat went wrong and what to donext.
An informative new brochure
about the Mises Institute was published in 1990. If you'd like some forfriends or associates, just tell us onthe enclosed card. Or send us their
names and addresses and we'll do
the mailing for you.
Our new book catalog appeared this year, and it both sellsbooks and teaches economics.
stitute for Humane Studies; Joseph Salerno; George Selgin;Mark Skousen of Rollins College;Mark Thornton of Auburn Uni
versity; and Deborah Walker ofLoyola University.
If *Students at the Mises University.
In a column about the con
ference, Joseph Sobran, senior editor of National Reviezv, mentioned"attending the summer sessionoffered by the Ludwig von MisesInstitute at Stanford University.Von Mises, of course, was thegreat genius of the Austrian schoolof economics, whose central tenetis simply that economics is best understood in terms of rational
human action. The session was
spearheaded by Murray Rothbard,possibly the most colorful intellectual who ever lived. If there's a sub
ject on which he doesn't have anoriginal opinion, I don't know of it.You can't be around Murray foreven a few days without findingyour views changed, or at leastdeepened, by the challenges he unfailingly presents.
"The Institute did a marvel
ous job of organizing the session.The courses and seminars were
led by as brilliant a set of thinkersas I've ever encountered. One of
the most heartening features ofthe experience was the students.There were about 160 of them,eager and intelligent young people who were worthy of theirteachers. They got no academiccredit for attending. They simplycame to think. There is hope."
The bigger and better catalogof the Mises University 1991 Quly7-14) is now available. You can getone by writing us. For this program, we've added three new faculty: Thomas DiLorenzo of the
University of Tennessee,Chattanooga (on monopoly and competition); Roy Cordato of theInstitute for Research on
J the Economics of Taxa
tion (on taxation, publicgoods, and externalities); and John Egger ofTowson State University(on unemployment,Keynesianism, and production).
For 1991, we addanother treat: the Mises
3
Conferences and Meetings
Weekend on Austrian Economics
also at Stanford, for InstituteZ|. Members who want to expand
their knowledge. It runs from Friday, July 5th to Sunday the 7th.The faculty is Murray Rothbard,Roger Garrison, Flans-HermannFloppe, Yuri Maltsev, Burton S.Bluinert of the Center for Liber
tarian Studies, and Lew Rockwell.
In 1990, the Mises Institute
sponsored the first Austrian lookat the post-socialist age: "Afterthe Revolution: De-Socializingthe Socialist Bloc," April 23,1990,in Washington, D.C. It went a longway toward developing a blueprint, consistent with the Austrian tradition, for dismantlingthe command economy.
The participants includedKrzysztof Ostaszewski of theUniversity of Louisville, a Polishemigre; Hans-Hermann Hoppe, aGerman emigre; Yuri N. Maltsev;Kestutis Baltramatis, chiefprivatization economist of theLithuanian Council of Ministers;Murray N. Rothbard; JosephSobran; Gottfried Haberler of theAmerican Enterprise Institute;and Sheldon Richman.
Gottfried Haberler—former
president of the American Economic Association and a student of
Ludwig von Mises's in Vienna—expressed his elation at the revolutionary events: "I only wishLudwig von Mises couldhave seen his predictionscome true."
Attending the conference were university professors and students, localthink-tank scholars, andMises Institute Members
from around the country.The papers will be published and tapes from theconference are now avail
able.
Our Austrian Eco
nomics Colloquium at Auburn University hasfeatured such speakers asLawrence White; Hans
Cohrssen of the University ofFrankfurt; Murray Rothbard;George Selgin; and Roy Cordatoof the Institute for Research on the
Economics of Taxation. In addi
tion to the regular Auburn student and faculty attendees, guestscome from all over the area.
We also sponsor a colloquium in Austrian economics atour Fertig Student Center nearGeorge Mason University. Recentspeakers have included RoyCordato; Joe Cobb of the JointEconomic Committee; JohnEgger; Joe Salerno; William G.Laffer of the Heritage Foundation; Charles Rowley of GeorgeMason University; and MichaelKrauss of the George Mason University Law School.
Our Fertig Center alsohosted a high-level delegation ofLithuanian economic officials,
headed by a deputy prime minister, for a productive meeting onthe free market. Our speakers included Ed Hudgins of the Fleri-tage Foundation; DavidMeiselman of Virginia Polytechnic University; Richard Hile andAlex Tabarrok of the Mises Insti-
tute; Roy Cordato; SheldonRichman; Edwin Vieira of theNational Right To Work Foundation; Joe Cobb; syndicated columnist Doug Bandow; and YuriN. Maltsev. Fertig Center directorJeffrey A. Tucker organized the
The Lithuanians visit our Fertig Center.
conference and moderated the
discussion. The Lithuanians
asked lots of questions, and weprovided them with lots of answers, on the free market, sound
money, and private property, andwe are—at the request of theprime minister—serving as continuing advisors in their struggleagainst socialism and for a capitalist economy.
Afterwards, Dr. KazimieraPrunskicnc, prime minister ofLithuania, wrote to Lew Rock
well: "I would like to pay you mygreatest respect and gratitude fora well-ordered tour for the six
economists from our newly rebuilt State to visit America. Mydeepest regards for the possibilityto contact with the well-known
American economists and for
new acquaintance with otherwonderful people of your country. We are also thankful for theknowledge we've got about thefree market economy that has soold traditions in your State andfor those unforgettable minuteswe've spent in Ludwig von MisesInstitute, inimitable in its beauty,free spirit and ideas.
"Many thanks to your colleagues and brothers in arms fortheir attention as well as for in
valuable support to Lithuania,going to free and democratic society. I hope that the first contacts
between Ludwig von MisesInstitute and our econo
mists in future will growinto friendly collaborationthat will never end." Amen
to that!
Our seminar at the Her
itage Foundation in Washington, D.C., featured Yuri N.Maltsev, our Russian Mises-
ian. He spoke about the necessity of a free price systemand how its absence has de
stroyed Russia and the Balticstates. Thanks in part to anadvanced write-up in theWashington Times, the auditorium was packed.
Watch for TheseConferences in 1991
♦ Democracy, Equality, andthe Free Market
♦ Bureaucracy and theEconomics of Stagnation
-♦• Dcsocialization(in Vilnius, Lithuania)
We assisted Ron Howard of
Stanford University in organizingthe Dofflemyer Lecture Series onthe Free Society at Stanford.Speakers included MurrayRothbard debating Nobel laureate Kenneth Arrow on Austrian
economics; Doug Bandow ondrug laws; George Selgin on freebanking; author James Bovard onfarm subsidies; Joseph Sobran oncivil rights; Yuri Maltsev on theSoviet economy; and attorneySteve Halbrook on gun control.
Yuri N. Maltsev was invited
to UNLVby Murray N. Rothbardand the College of Business to de-
This year, our outstanding team of adjunct
scholars and senior fellows was
most active. Here are the highlights:
Dominick Armentano of
the University of Hartford, published "Time to Repeal AntitrustRegulation" in The Antitrust Bulletin of theJournal ofAmerican andForeignAntitrust Regulation. DonBellante of the University ofSouth Florida published "A Sub-jectivist Economic Analysis ofGovernment-Mandated Em
ployee Benefits," in the HarvardJournal of Law and Public Policyand "Labor Markets and the
WelfareState" in Economic Policyand the Market Process, edited by
Conferences and Meetings
liver the annual S.J. Hall University Lecture. He talked about socialist poverty in the Soviet Unionand the futility of anything lessthan a capitalist revolution.
Lew Rockwell, when heworked at Hillsdale College in the1970s, helped start the Ludwigvon Mises lecture series. Thisyear, in lieu of its normal series,Hillsdale hosted an Austrian eco
nomics conference. Organized byHillsdale's Mises Professor and
our adjunct scholar, Richard Ebel-ing, the participants includedsome of our scholars: Hans-Her
mann Hoppe; Charles Baird ofCalifornia Stale University, Hay-ward; Roger Garrison; Joseph Salerno; Mark Skousen; GeorgeSelgin; and Robert Formaini ofthe University of Texas, Dallas.The papers will be published byHillsdale College Press.
Members of the Institute's
staff hosted booths at various con
ferences this year in conjunctionwith Lew Rockwell's speechesand seminars. Four of the biggestwere the Jim Blanchard investment conference in New Orleans,where Lew spoke on the dangersof environmentalism, and held
R. Groenveld, J.A.H. Maks, J.Muysken.
Thomas J. DiLorenzo of theUniversity of Tennessee at Chattanooga, and faculty member ofthe 1991 Mises University, spokeon "The Origins of Antitrust:Rhetoric vs. Reality" at a Washington conference on antitrustand presented a paper on "DoesCapitalism Cause Pollution?" at aconference on environmentalism
at Washington University of St.Louis (which was also publishedas a monograph). Among the articles he published are "The Subjec-tivist Roots of James Buchanan'sEconomics" in the Review ofAustrian Economics, "NationalService: A Solution in Search of
two seminars with Lawrence
Reed of the Mackinac Center (andour adjunct scholar) on AustrianEconomics 101; the Council forNational Policy in Hot Springs,Virginia, where Lew debatedIraqi policy with former DefenseDepartment official FrankGaffney; the Lake Forest Graduate School of Management nearChicago, where Lew served as avisiting faculty member, and wasasked to do a video-taped fol-lowup by the students; and the ISIConference on Money in LasVegas, where Lew's two talks defended sound money and opposed world statism. We alsoserved as a member of the free-market National Consumer Co
alition.
In November, the SouthernEconomic Association held a special panel entitled: "Eastern Europe: Mises Was Right."Participants included MurrayRothbard; Leland Yeager, Gertrude Schroeder of the Universityof Virginia, John H. Moore ofGeorge Mason University, andRoger Koppl of Fairleigh Dickinson University. It was organizedby our Mark Thornton.
a Problem" {Vie Freeman), and"Collectives and Pollution"
(Christian Science Monitor). Healso wrote a book, Patterns of Corporate Philanthropy: Ideas, Advocacy, and the Corporation publishedby the Capital Research Center.
Steve H. Hanke of the JohnsHopkins University, associate editor of the Rruiew of Austrian Economics, wrote Capital Markets andDevelopmentwith Sir Alan A. Walters, published by the Institute forContemporary Studies, and hewas appointed personal economic advisor to the vice-president of Yugoslavia.
Robert F. Hebert of Auburn
University delivered a paper on
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Adjunct Scholars and Senior Fellows
"Dupuit's Characteristics-BasedTheory of Consumer Behaviorand Entrepreneurship" for theAustrian Economics Colloquiumat Auburn University. Amonghis papers published this yearare "Menger, Bohm-Bawerk,Wieser: The Origins of the Austrian School—Contemporary"and "The Austrian Tradition:
Schumpeter and Mises," in Neoclassical Economic Theory, 1870-1930 (Boston: Kluwer). With ourdistinguished adjunct scholar,Robert B. Ekelund, Jr., of AuburnUniversity, Bob Hebert published"Cournot and His Contemporaries: Is an Obituary the Only BadReview?" (Southern EconomicJournal), "E. H. Chamberlain and
also presented "Ludwig vonMises and the Austrian Tradition"
at a conference of the American
Private Enterprise Educators.
Robert Higgs of the University of Seattle edited a new book,Arms, Politics, andthe Economy forthe Independent Institute. His article "Eighteen Problematic Propositions in the Analysis of theGrowth of Government" will be
published in the forthcoming ReviewofAustrian Economics. He alsopresented a number of papers:"Wartime Prosperity DuringWorld War II?" and "Growth of
Government in the U.S." at the
University of Arizona, "A CloserLook at the Debt and the Deficit"
at Seattle University, and partici-
and Theology), "Politics and Generosity" (The Journal ofApplied Philosophy), "Exploring ExtremeViolence (Torture)" (Journal of Social Philosophy), and "Do AnimalsHave Rights?" (Public AffairsQuarterly). Papers presented include "Capitalism and Individualism" at an IHS Europeanmeeting, "On the Teaching ofBusiness Ethics" at the HeritageFoundation and "Capitalism andPollution" at a Washington, D.C.,conference.
David Osterfeld of St.
Joseph's College published"Hope for the World Food Situation" (Journal of Economic Growth),"The Fallacies and Failures of For
eign Aid" (The Freeman), and a re-
Four ofour scholars (from left to right): Deborah Walker of Loyola University; Murray N. Rothbard oftheUniversity of Nevada, Las Vegas; Yuri N. Maltsev of the U.S. Institute of Peace; Jeffrey Herbener, ofWashington and Jefferson College; and graduate student Amy Marie Marshall ofNotre Dame University.
Contemporary Industrial Organization Theory" (Journal of Economic Studies), and "AlternativeVisions of the Entrepreneur: Can-tillon, Say,Dupuit," in Perspectiveson the History ofEconotnic Thought,edited by D.E. Moggridge. Theyalso attended the Adam Smith Bi
centenary in Edinburgh, Scotland.
Jeffrey Herbener of Washington and Jefferson College is theeditor of The Meaning of Mises(Kluwer, 1990), and author ofmany articles appearing this year,including three papers (on ISLM,the multiplier, and the PhillipsCurve) in a forthcoming Praegervolume on Keynes that grew outof our Harvard conference. He
pated in several conferences, including a Liberty Fund programon the Old Right sponsored by theIndependent Institute, PublicChoice Society meetings, a PacificInstitute conference, and an Intercollegiate Studies Institute conference on economics and national
security.
Randall Holcombe of Flor
ida State University published"The Tax Cost of Privatization"
(Southern Economic Journal) andpresented "Constitutional Rulesin the Exchange Model of Government" at the Annual Meetingof the Public Choice Society.
Tibor Machan of Auburn
University published "NaturalRights Liberalism" (Philosophy
view of Beyond the Informal Sectoredited by Jerry Jenkins (Journal ofEconomicGrowth). He was also thefeatured speaker at the 1990Spring Bowman Lecture Series atIndiana Wesleyan University on"Famine and Poverty in the ThirdWorld."
Sheldon Richman of the In
stitute for Humane Studies published an article on education
reform in Chronicles, a defense ofH.L. Mencken (The AmericanScholar), presented a paper on"The Old Right" at a Liberty Fundconference, and substituted forLew Rockwell (who was speaking elsewhere) at a panel discussion on Iraq for the IntercollegiateStudies Institute.
Murray N. Rothbard of theUniversity of Nevada, our head ofacademic affairs and dean of the
Austrian school of economics,kept his usual busy schedule thisyear. In addition to working onhis multi-volume history of economic thought, he edited The Review of Austrian Economics andwrote for TheJournal of LibertarianStudies, contributed to The FreeMarket (every month), TheRothbard-Rockwell Report published by the Center for Libertarian Studies (every month), andChronicles, and reviewed manybooks for both popular and scholarly forums. He taught courses onAustrian economics, and servedas an advisor for hundreds of fac
ulty and students in Austrian economics.
Joseph Salerno of Pace University presented his paper "TheConcept of Coordination in Austrian Macroeconomics: A Com
ment on Garrison" at Hillsdale
College and at our Austrian colloquium. He wrote "Why SocialistEconomy is 'Impossible'" for us,an article with Robert Batemarco
on "A New Measure of the U.S.
Money Supply" (The Mid-AtlanticJournal ofBusiness), and publishedan article on "Ludwig von Misesas Social Rationalist" in the Re
viewofAustrian Economics. He alsoserved as a commentator at a
Washington, D.C., conference onmoney and banking.
Barry Smith of the University of Liechtenstein presented apaper on "The Austrian School ofNational Economy" at the International Academy for Philosophy. And Thomas C. Taylor ofWake Forest University published a series of papers on business and accounting.
Mark Thornton of Auburn
University planned his newcourse on Austrian economics at
Auburn and has a book on the
economics of prohibitionismforthcoming from the Universityof Utah Press. He attended the
Adjunct Scholars and Senior Fellows
Southwest Economics Associa
tion as a discussant and was
named a member of the ProgramCommittee. He also representedthe Institute at a large number ofgatherings, from Rotary Clubs tostudent seminars.
Deborah Walker of LoyolaUniversity received the SearsRoebuck Foundation TeachingExcellence and Campus Leadership Award.
Our senior fellows did ex
traordinary work. Walter Blockofthe Fraser Institute published"Earning Happiness ThroughHomesteading Unowned Land"(Journal of Social and Political Economic Studies), "Rent Control: ACase Study of British Columbia"(Mid-Atlantic Journal of Business),"Jewish Economics in Light ofMaimonides" (International Journal of Social Economics), "Pay Equity Laws—Plague or Panacea?"(British Columbia Employment andLabour Law Report), "The Discounted Marginal Value ProductControversy" (Review of AustrianEconomics), among others. He alsohad numerous interviews on
radio and television.
David Gordon publishedmany book reviews in the ReviewofAustrian Economics, a review ofErrol Harris's "Formal and Tran
scendental Logic" (InternationalPhilosophy Quarterly), and a newbook entitled Resur
recting Marx (Transaction Press, 1990)demolishing "analytical Marxism."
Hans Hoppepublished "The Economics and Sociol
ogy of Taxation"(journal Dcs Economists a et des Etudes
Humaine), "Marxistand Austrian Class
Analysis" (Journal ofLibertarian Studies),"Entrepreneurshipand Economic Con
sulting" (Future-Oriented Trainingof Economic Consultants), has apaper on "German De-Socialization" forthcoming in a book published by the Mises Institute, andpresented a paper on "AustrianRationalism in the Age of the Decline of Rationalism" at Hillsdale
College.
Yuri Maltsev is in constant
demand as a speaker and writer.His articles have appeared inmany publications, includingAmerican Enterprise, The Freeman,The Free Market, the Journal of Economic Growth, the WashingtonTimes, and the Seattle Times. Articles about him have appeared innewspapers all over the country.And most recently he publishedan article in the Washington Timespredicting that the 500-day planof Soviet reformers will end as an
utter failure. Yuri's constant
message: Mises best understoodthe failings of socialism, and hispoint of view offers the only wayout for both the Soviet Union
and the West. Yuri is also president of Second Helping, a charitable organization that helps theimpoverished peoples of theU.S.S.R. during what we hopewill be their transition to capitalism.
Among our new adjunctscholars are Roy Cordato andPaul Gottfried of Elizabethtown
Professor Joseph Salerno ofPace Universityand the Mises Institute.
7
Adjunct Scholars and Senior Fellows
College and the Rockford Institute,and editor of a new conservative
Q journal on religion and politics.Samuel T. Francis, the much honored essayist for the WashingtonTimes and Chronicles, is our new
media fellow.
Our students had a busy year,in studying, attending classes, andpublishing papers and reviews. Forexample, Peter Kleinof Berkeley was
invited to attend conferences on
Adam Smith in Scotland and on
Carl Menger at Duke University,and published several articles inthe Austrian Economics Newsletter.
Fiammetta Zahnd started an Aus
trian colloquium at UNLV John Mc-Callie and Parth Shah of Auburn
University successfully defendedtheir PhD dissertations (Parth is continuing his research and John isleaching economics at the Univer
sity of Alabama at Birmingham);Amy Marshall received her MAfrom UNLV and entered Notre
Dame's PhD program; RichardHite entered George Mason's PhDprogram, along with AlexTabarrok and Sofia Bump. MarkThornton received his PhD from
Auburn University where he isnow the Institute-sponsored O.P.Alford III assistant professor ofeconomics.
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A11 told, we were able to
-help students at morethan 500 colleges and universities inthe U.S. through scholarships, teaching programs, books, and other publications. These included:
Abilene Christian University
Abraham Baldwin College
AJbright College
Alfred University
Allegheny College
Allentown College
American International College
American University
Amherst College
Andrews University
Anna Maria College
Appalachian State University
Arapahoe College
Arizona State University
Arkansas Tech University
Asbury College
Ashland CollegeAssumption College
Auburn University
Babson College
Bard College
Barnard College
Baruch College
Bates College
Baylor University
Belhaven College
Bellarmine College
Bellevue College
Belmont Abbey College
Benedictine College
Bennington College
Bentley College
Bethany College
Biola University
Birmingham Southern College
Bishop College
Bloomfield College
Boise State University
Boston College
Bowdoin College
Bowling Green University
Brandeis University
Brigham Young University
Brown University
Bryn Mawr College
Bucknell University
California State Polytechnic Inst.
California Slate University,Bakersfield
California State University, Chico
California State University, Fresno
California State University,Fullerton
California State University,Hayward
California State University,Long Beach
California State University,Los Angeles
California State University,Northridge
California State University,Sacramento
Calvin College
Campbell University
Cameron University
Carleton College
Carnegie Mellon University
Carroll College
Case Western Reserve University
Catholic University
Centenary College
Central State University
Centre College
Chaminade University
Chapman College
Christendom College
CBN University
The Citadel
City University of Bellevue
City University of New York
Claremont Graduate School
Claremont McKenna College
Clark University
Clarkson University
Clearwater Christian College
Clemson University
Cleveland State University
Clinch Valley College
Colby College
Colgate University
College of the Holy Cross
College of Marin
College of Notre Dame
College of Saint Thomas
College of the Southwest
College of William and Mary
Colorado State University
Columbia University
Columbus College
Connecticut College
Cornell University
Dartmouth College
Davidson College
DeAnza College
DeKalb College
Denison University
DePaul University
Drake University
Drew University
Drexel University
Duke University
Eastern Carolina University
Eastern College
Eastern Illinois University
Eastern Oregon State University
Elizabethtown College
Emory University
Fairfield University
Fitchburg State College
Florida Atlantic University
Florida Community College
Florida Institute of Technology
Florida State University
Foot Hills College
Fordham University
Framingham State College
Franklin and Marshall College
Furman University
George Mason University
Georgetown University
Georgia Southern University
Georgia State UniversityGeorgia Tech University
Gettysburg College
Golden Gate University
Gordon Con well Theological Sem.Goucher College
Graceland College
Grove City College
Guilford College
Hamilton College
Hampshire CollegeHampton-Sydney College
Harding University
Harvard University
Harvey Mudd College
Haverford College
Hillsdale CollegeHiram College
Hobart College
Hofstra University
Hope College
Howard Payne University
Howard University
Hudson Valley College
Humboldt State University
Hunter College
Huntington College
Hyles-Anderson College
Idaho State University-
Illinois Institute of Technology
Illinois State University
Indiana State University
Indiana University
Indiana Wesleyan University
International University
Itawamba College
Ithaca College
Jacksonville College
Jacksonville State University
John Carroll University
Johns Hopkins University
Juanita College
Kansas State University
Kennesaw College
Kent State University
Kenyon College
Kirk wood College
Kutztown University
Lake Erie College
Lake Forest School ofMgmt.
Lake Superior State University
La Salle College
Lawrence Tech University
Lehigh University
Lehman College
Le Moyne College
Lesley College
Liberty University
Linfield College
Long Island University
Louisiana State University
Loyola College
Loyola Marymount UniversityLoyola University
Macalester College
Manhattanville College
Marine Military Academy
Marquette University
Marymount College
MassachusetLs Institute of Tech.
McNeese State University
Memphis State University
Merced College Saint John's College Tuskegee Institute University of South Alabama
Mercer University Saint John's University Union College University of South Carolina
Mercyhurst College Saint Joseph's University United States Military Academy University of South Florida .
Merrimack College Saint Lawrence University United States Naval Academy University of Southern California yMesa College Saint Leo College University of Akron University of So. Mississippi
Metropolitan State College Saint Louis University University of Alabama University of Tampa
Miami University Saint Mary's College University of Arizona University of Tennessee
Michigan Christian College Saint Mary's University University of Arkansas University of'Iexas, Arlington
Michigan State University Saint Olaf College University of Baltimore University of'Iexas, Austin
Middlebury College Salem State College University of California, Berkeley University of'Iexas, Dallas
Millsaps College Salisbury State College University of California, Davis University of Texas, Houston
Mission College Samford University University of California, La Jolla University of'Iexas, Odessa
Mississippi State University Sam Houston State University University of California,University of'Ibxas, Richardson
Monmouth College San Diego State University Los Angeles University of Texas, San Antonio
Montana State University San Jose State University University of California, Riverside University of Toledo
Montclair State College Sarah Lawrence College University of California, San Diego University of Tulsa
Mount Holyoke College Seattle University University of California University of Utah
Muhlenberg College Seton Hall UniversitySan Francisco University of Vermont
Murray State University
Naval Postgraduate School
New Mexico HighlandsUniversity
Shepherd College
Siena College
Sierra Nevada College
Simmons College
University of California,Santa Barbara
University of California, Santa Cruz
University of Central Florida
University of Virgin Islands
University of Virginia
University of Washington
University of West Florida
New Mexico State University Simon Fraser University
Skidmore College
Slippery Rock State College
University of Chicago University of West Texas
New York State University University of Colorado University of Wisconsin
New York University University of Connecticut University of Wyoming
Newport College
Nichols College
Nicholls State University
Northeastern University
Smith College
Sorrell Business College
South Dakota State University
Southeast Missouri State
University of Dallas
University of Delaware
University of Durham
University of Georgia
Ursinus College
Utah State University
Utica College
Valdosta State University
Northern Illinois University University University of Hartford Valparaiso University
Northern Kentucky University Southeastern MassachusettsUniversity of Hawaii Vanderbilt University
Northern Michigan University University University of Houston Vassar College
Northern Montana College Southern Connecticut State University of Idaho Villanova University
North Carolina State University University University of Illinois Vincennes University
North Dakota State University Southern Illinois University University of Iowa Virginia Commonwealth
North Texas State University Southern Methodist University University of Kansas University
Northwest College Southern Union College University of Kentucky Virginia Military Institute
Northwest Missouri State Southwest Baptist University University of Maine Virginia Polytechnic Institute
University Southwest State University University of Maryland Wabash College
Northwestern University Southwestern Community College University of Massachusetts Wake Forest University
Northwood Institute Spring Hill College University of Miami Walsh College
Nyack College Stanford University University of Michigan Walters College
Oakland University State University of New York, University of Minnesota Washington and Jefferson College
Occidental College AlbanyUniversity of Mississippi Washington and Lee University
Ohio State University State University of New York,Buffalo
State University of New York,Potsdam
University of Missouri Washington State University
Ohio University
Ohio Wesleyan UniversityUniversity of Montana
University of Montevallo
Washington University
Wellesley College
Oklahoma State University State University of New York, University of Nebraska Wesleyan University
Olivet Nazarene University Stony Brook University of Nevada, Las Vegas West Georgia College
Oregon State University State University of New York, University of New Hampshire West Texas State University
Pace University Syracuse University of New Mexico West Virginia University
Pacific Lutheran University Stern College University of New Orleans Western Kentucky University
Pacific Bible College Stetson University University of North Alabama Western Maryland College
Pan Am University Suffolk University University of North Carolina,Chapel Hill
Western New England College
Patrick Henry Comm. College Sul Ross State University Western Oregon State College
Pennsylvania State University Summit University University of North Carolina, Western Washington University
Pepperdine University Swarthmore College Greensboro Westminster College
Pomona College Syracuse University University of North Dakota Westmont College
Princeton University Temple University University of North Texas Wheaton College
Principia College Texas A&M University University of Northern Iowa Whitman College
Purdue University Texas Christian University University of Oklahoma Whittier College
Radford University Texas Southern University University of Oregon Wichita State University
Ramapo College Texas Tech University University of the Pacific William Woods College
Randolph Macon College Thomas Aquinas College University of Pennsylvania Williams College
Rensselaer Polytechnic Institute Towson State University University of Pittsburgh Wittenberg University
Rice University Trinity College University of Richmond WolTord CollegeRicks College Trinity Evangelical School University of Rochester Worcester Polytechnic Institute
Rollins College Trinity University University of San Diego Yale University
Roosevelt University Troy State University University of Santa Clara York College of Pennsylvania
Rutgers University Tufts University University ofScranton Youngstown State University
Sacramento City College Tulane University University of the South Xavier University of Ixiuisiana
Media
Llewellyn H. Rockwellwrites a regular column
\ Q for theOrange County Register andis the "Bad for Business" colum
nist for the New American. He is
also a frequent contributor to theLos Angeles Times. One of their editors said he called Lew when he
wanted "something funny andfree market." Lew also publishedin Conservative Review, The G.E.O.Report (which appointed him acontributing editor), Patrick J.Buchanan's From theRight (whichappointed him a member of theeditorial board), The BirminghamNezvs, The Arizona Republic, Chronicles, Antithesis, The Cleveland PlainDealer, National Review, HumanEvents, The Rothbard-Rockwell Report, and The Boston Globe, amongother publications.
Lew also did hundreds of
radio and TV interviews on the
federal budget, environmentalism, taxes, regulation, and manyother topics. He has appearedseveral times on CNN's Crossfire
and the Financial News Network.
The Washington Times's influential columnist John Elvin, reporting on Lew's FNN debate withDenis Hayes, founder of EarthDay, named Lew "Mr. Anti-EarthDay," and said he left Hayes looking a "little green."
Lew received raves for his
writing from such notables asWalter Williams and Howard
Philips. And Pat Buchanan calledit "rich, spicy, tough, brims withconfidence, and sends a message:'Hey, fellas, you've been pushingus around for a long time; whydon't you come outside and let'sget it on?'"
A letter to the editor of the
New American about one of Lew's
columns said "I loved it! It zings!It's pure von Mises!" And talk-show hosts say Lew...
"...is a troublemaker—myhighest compliment. What makeshim good is not just his point ofview, but the fervor with which heproclaims it. He goads, he infuri-
Mises Institute founder and president, Llewellyn H. Rockwell
ates, and worst of all, he makessense."—Bruce Bradley, KMOX,St. Louis.
"...is in my hall of fame ofguests. He always provides an informed, articulate, biting, conservative view of the world. Lew, Ilove you!"—Bob Lee, KSL, SaltLake City.
"...is an extraordinarily provocative guest, not only becausehe says things that strike manypeople as outrageous, but because he backs his views with icylogic."—Lee Rogers, KGO, SanFrancisco.
The media are taking greaternotice of our ideas, especially inlight of last year's events in thesocialist bloc. Even a WashingtonPost business column admitted
that Mises "had been right allalong—the command economysimply couldn't do without theinformation conveyed by a price
Wee are producingan important filmwith IndependentTelevision News ofSan Francisco on
Ludwig von Mises slife and work.
system." Mises was mentioned inthe Wall Street Journal, the LondonIndependent, Forbes, The Neiv Republic, and many other publications. And Time Magazine andReaders' Digest quoted Free Marketarticles.
On Czechoslovakian reform,
the Washington Times reportedthat Tomas Jesek, a key adviser toFinance Minister Vaclav Klaus,
called himself a follower of Mises.
Our student Alex Tabarrok was
interviewed and quoted in Insight magazine on internationaltrade because of his article in The
Free Market, a typical occurrence.And the writings of our studentand Free Market managing editorJeffrey A. Tucker appeared insuch publications as The Worldand I, Crisis (where he has beenappointed a columnist), Antithesis, and Chronicles.
John Elvin's "Inside theBeltway" column for the Washington Times, the paper's most-read feature, has mentioned Lewand the Mises Institute a number
of times this year. Mr. Elvinfrequently quotes from ourpublications.
Columnist George Willpraised Ludwig von Mises andFA. Hayek: they "taught not onlythe efficacy of free markets as rational allocators of resources but
also the morality of capitalism byvirtue of its connection with free
political arrangements." And columnist Warren Brookes wrote an
article honoring Ludwig vonMises for his role in the collapseof socialism.
We are producing an important film with Independent Television News of San Francisco on
Ludwig von Mises's life andwork. Our director is the Emmy-Award-winning Sandy Gar-ritano. Amazingly, this is the firstfilm to be made on this great manand his significance. Intended primarily for classroom use, it willalso appear on television. Already, a producer for PBS has expressed interest.
The collapse of communism abroad, and the
rise of statism at home, has led toa remarkable shift in the ideological climate, as the right splits overthe use of American militarypower for a "New World Order."
As a result of this, MurrayRothbard and Lew Rockwell
were invited to be charter mem
bers of the Main Street Commit
tee of the Rockford Institute, andMurray was a featured speakerat the first Main Street meeting,held in conjunction with thePhiladelphia Society, on "AnAgenda for the Right." Othermembers of the committee in
clude Forrest McDonald of the
University of Alabama; ourmedia fellow William Murchison
of the Dallas Morning Nezvs;Howard Philips of the Conservative Caucus; Robert Nisbet of Co-lumbia University; and M.E.Bradford of the University ofDallas.
In November, we helped hostthe first meeting of the John Randolph Club. Named after thehardcore Jeffersonian who occasionally thought his friendThomas had sold out to big gov
On the Movement Front
ernment, this new scholarly organization—created by the Mises Institute, the Rockford Institute, andthe Center for Libertarian Stud
ies—is building a coalition forconservatives, libertarians, andclassical liberals who have refused
to sell out to Washington.
We met in Dallas, and heardfrom M.E. Bradford, MurrayRothbard, Samuel T. Francis, JoeSobran, Thomas Fleming of Chronicles, Lew Rockwell, Ronald Ham-owy of the University of Alberta,Christian Kopff of the Universityof Colorado, and Bill Murchison.
John Judis, writing in American Progress, said Murray and Leware spearheading this new movement.
Our Eastern European mailing list has exploded, and we havearranged for many boxes of free-market books to be delivered
there. An assistant minister of finance in Czechoslovakia vowed
that our books will "be used bythe entire Ministry of Finance aswe move forward to change oureconomic structure." Now if we
could only say that about theUnited States Treasury!
One man wrote us: "It is a
pleasure to be able to work withthe Institute toward the development of truly free markets. It isvery important, from a personalstandpoint, for an individual froma country with a strong socialisticprejudice in all the political options of government, universities,the press, you name it... to be intouch with an uncompromisinginstitution on individual libertyand private property."
This year, as was fitting, twofamous Marxist academics ad
mitted "Mises was right": RobertHeilbroner of the New School, in
weasely fashion in an article inthe New Yorker, and Eugene Gen-ovese of the University of Georgia much more forthrightly inCommentary. Genovese said the"socialist collapse" was caused by"state ownership of the means ofproduction" and for the "reasonsthat Ludwig von Mises long agoidentified." In the same article,Genovese praised the "morally responsible Murray Rothbard" forhis "admirable protest" against"cultural unraveling" and"libertinism."
Mrs. Ludwig von Mises, our chairman,celebrated her 100thbirthday in July.Mur
ray and Joey Rothbard represented the Institute at thesmall party in her New York apartment, the one she andher husband moved into in 1940. After several hours,
they wondered if Mrs. Mises wasn't getting tired, andoughtn't they to go. "No," she answered. "After all, onedoesn't have an affair like this every day!"
Our new building: With a magnificent matchinggift, O.P. Alford, III, will make possible a permanent O.P. Alford, III (left) accepts the neon Mises
Institute logo from Greg Baron.
home for the Institute on the Auburn University campus—for our students, library, and work areas. Butwe'll need your help as well. More about this next year!
Gracing the lobby of our new building will be alarge neon representation of the Institute's logo, a giftof neon artist Greg Baron of Illinois. Mises's ideashave always shincd in the academic world, but nowthey really do!
Margit von Mises
11
o
ro
Patron Members, Corporations, and Foundations
Pi'resident James Martinof Auburn University
,, — says: "The Miscs Institute contrib-| /j utes significantly to the economics
program at Auburn, and wc appreciate the visibility the Institute provides Auburn through itsassociation with the campus."
Nothing would be possiblewithout our thousands of individ
ual and family Members. Our gratitude goes to all of them, as well asour pledge to work even harder in1991 for the free market, privateproperty, and sound money.Specialthanks, of course, go to our PatronMembers, as well as to our corporate and foundation supporters.
Patron Members
O.P. Alford, III
Gene E. Allen
Anonymous
Thomas K. Armstrong
Dr. J.C. Arthur
Bernard Baltic
Edward Banczak
Greg Baron
George H. Barry
Everett Berg
James U. Blanchard, III
Ronald L. Blewitt
Eugene W. Bluemly
Burton S. Blumert
Sam Bright
William R. Burgess
Louis Carabini
Philip L. Carrot
William B. Coberly, Jr.
Christopher P. Condon
Morgan Cowperthwaite
Charles G. Dannelly
Tad Dekko
Robert T. DofTlemyer
John I,. Doyle
Dr. William A. Dunn
Mrs. Card G. Elliott, Jr.
Jane M. Erickson
Alice R. Fawcett
Arthur C. Fennekohl
Nancy A. Follansbee
William A. Galbraith, Jr.
Richard H. Gamble
Thomas Happ
Albert L. Hillman, Jr.
Roland F. Hirsch
Harry II. Hoiles
Ilerrick Jackson
Mr. and Mrs. Frank Karoly
Michael L. Keiser
Robert D. Kephart
H.E. King
Jane P. King
Atlee Kohl
Julie Lauer-Leonardi
Hugh E. Ledbetter
William Lowndes, III
Ronald Mandle
Forrest E. Mars
Mr. and Mrs. G.F. Maughmer
John E. McCleskey
Ellice McDonald
Raymond E. McGowan
A. Minis
Mr. and Mrs. Alexander Moore
Wiley L. Mossy
Frank Mutz
Mr. and Mrs. Gregory T. MutzVictor Niederhoffer
Dr. Richard W. Pooley
Mildred A. Reeves
James M. Rodney
Catherine Dixon Roland
Leslie Rose
Sheldon Rose
Steven Rothacker
Adolf Schoepe
Leland W. Schubert
Raymond Shamie
Clifton SiegelinMark Skousen
Theron SkylesLouis M. Stcfanelli
Robert T. Stevens
David F. Swain, Jr.
Dr. Benjamin H. Thurman
Jay Van Andel
Lawrence Van Someren, Sr.
Mrs. Somers von Behron
Dallas R. Woir
Foundations
AHS Foundation
Amway Foundation
Adams Fund
Armstrong Foundation
AT&T Foundation
W.R. Burgess Foundation
Caterpillar Foundation
Chicago Title & Trust Co.Foundation
Communities Foundation of
Texas
Thelma Dixon Foundation
Ralph and Marion FalkFoundation
Fanwood Foundation
Greene View Foundation
Hendricks Foundation
M.I I. King Foundation
Monsanto Fund
Nationwide Foundation
PieperPower Foundation
Phelps Dodge FoundationR & R Foundation
Boh and Ruth New Foundation
Saint Gerard Foundation
Corporations
Ada Block Company
Alvan, Inc.
Anderson Pallet PackagingAnonymous
Applied Biosystems
Archer Lumber Company
Artios Window Cleaning Supplies
Bay Cities Ixjck and Safe
BEA Associates
Beck Construction
R.W. Beckett Corporation
Bedford Investment Group
Blanchard and Company
BOC Group
Boss Trucking CompanyBrazosport Clinic
Camino Company
C.N. Carley Associates
Carnel, Inc.
Carret and Company
Carrizo Creek Corporation
Carver Hunt, Inc.
Cloud and Associates
Creative Computer Systems
Cross Industries
Daley Enterprises
Dan's Carpet Cleaning
Davis-Lynch, Inc.
Detroit Forming
Digital Equipment Corporation
Dow Chemical Company
Dunn Capital Management
Eagle Chemicals
EBCO EnterprisesElkhart Brass Manufacturers
Equitable Life Assurance Society
Eye Surgical Centers
Fiesta Salons
Fluidmaster
Franklin and Downs Funeral
Homes
Freeway Fasteners
Guardian Life
Gobins Properties
Frank W. Gorman and Sons
Grober Company
Group Dekko International
Halam Corporation
Hodde Agency
Huff Furniture-
Inland Ocean
Investment Rarities
JBM London Insurance
Company
Jefferson-Pilot Data Services
K-Mart Corporation
S.B. Koehler Company
Kolen and Company
Krampitz Partnership
Lazy Creek, Inc.
Leger Production CompanyLesco Industries
Liquid Controls CorporationIx)ve Box Company
Lowndes Corporation
M & M Sales and Service
MacBeath Hardwood
MADCO Enterprises
Mahaska Bottling Company
Mahoning Meat Company
Marine Chartering Company
Maryland Infirmary
Master Graphics
Material Exchange Agency
Matrix Enterprises
McCleskey Gin
Medart, Inc.
Meyeres Real Estate
Michigan Carbonic Company
Miles and Associates
Mis-Pat Enterprises
Mobil Oil
Monex International
W.R. Montgomery and Associates
Morehouse Printing
Mother Lode Gold Mines
Moundridge Telephone Company
Northern States Power Company
New England Plating
Newcastle Industries
New England Electric Company
Niederhoffer, Cross, andZeckhauser
Omneon
Omni Apex Management
ORBEX
Orbit Finer Foods
Paola Lumber and Coal Co.
Ron Paul and Associates
Perkins and Associates
Phillips Petroleum
Physical Therapy Association ofSan Antonio
Pittsburgh Valve and Fitting
Pool Investment Company
Professionals Unlimited
Quality Farm Services
Rayser Advertising
Ring Can Corporation
The Recyclery
Romer Ltd. Partnership
Santangini Financial Planners
Shamie Management Corp.
Shaw Oxygen Company
Shell Oil Company
Shoemaker's Candies
Silver River Logging &Trucking
Southern Bell
Steinberg Steel Company
Stoeser Construction Company
Sylvan Associates
Tandy Corporation
Teledyne Corporation
Telemechanics
L.H. Thomson Company
Tierra Lindn Ranch
Times Mirror Company
Tooley and Company
Top Dog
Trammell-Whitfield Company
TRW
Twin Oil Company
Tyson Buick
Thomas Volk Agency
Unicorn Enterprises
United Technologies
Upjohn Company
Varian Instruments
Virginia Power Company
L.C. Vought Company
Jim Ware Company
Warner Properties
Weaver Potato Chip Company-
Weil Enterprises
Woodwind Repair Service
F.W. Woolworth Company
Zignego Company
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