Austrian Economics Collection 1

The Ludwig von Mises Institute’s stated goal is to “undermine statism in all its forms”. Its methodology is based on praxeology, a description of individual human action which seeks to avoid errors in scientific behavioral observation that could be induced by human self-consciousness and complexity. The Institute’s economic theories depict any government intervention as destructive, whether through welfare, inflation, taxation, regulation, or war. The Institute disparages both communism and the American System school of economics (more broadly known as the American School).

The Institute is generally critical of statism and democracy, with the latter being described in Institute publications as coercive, incompatible with wealth creation, replete with inner contradictions, and a system of legalized graft.

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