

Mises Institute
Mises Institute
The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.
Episodes
Mentioned books

Jul 22, 2025 • 44min
Tariffs versus Free Trade
Patrick Newman exposes tariffs as economic distortions that harm consumers and misallocate resources. Drawing on Austrian insights, he debunks protectionist myths and makes the case for free trade over government intervention.
Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 22, 2025 • 46min
Minimum Wage
The minimum wage is harmful, racist, sexist, and completely unnecessary.
Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 22, 2025 • 47min
Competition and Monopoly
Competition is a relentless, dynamic process of entrepreneurship and discovery. Tom DiLorenzo exposes how antitrust laws, rooted in flawed theories of monopoly and “perfect competition,” have served as government tools to punish success, stifle innovation, and prop up politically favored monopolies.
Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 22, 2025 • 43min
The Austrian Theory of the Business Cycle
Paul Cwik unpacks Austrian Business Cycle Theory, explaining how artificial credit expansion triggers unsustainable booms and inevitable busts. He walks through models of savings, investment, and the structure of production to reveal how interest rate manipulation distorts the economy, and why liquidation and recovery are both necessary and painful.
Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 22, 2025 • 43min
Austrian Capital Theory
Patrick Newman introduces Austrian capital theory: how savings, time, and production structures drive economic growth. Without capital goods and roundabout production, we’d still be living like primitive hunters, and without savings, growth halts altogether.
Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 22, 2025 • 44min
Calculation and Socialism
A modern socialist economy is impossible.
Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.
Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 22, 2025 • 45min
The Theory of Interest
Dr. Jeffrey Herbener explains how time preference shapes interest rates, production, and investment, making time central to economic coordination and prosperity.
Recorded at the Mises Institute in Auburn, Alabama, on July 22, 2025.
Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 21, 2025 • 49min
Banking
David Howden reveals how banking, especially fractional reserves and central bank manipulations, creates instability and inflation. He also explains why a 100% reserve system could prevent crises, and why no one on Wall Street wants that to happen.
Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 21, 2025 • 45min
Money
Dr. Sandy Klein walks through the origins and essential functions of money, showing how barter’s pitfalls led to the spontaneous emergence of money as a medium of exchange. She explains Menger's and Mises’s insights into money’s evolution, why gold and silver prevailed, and how inflation and counterfeiting distort economies.
Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Jul 21, 2025 • 46min
Entrepreneurship
Entrepreneurs are the market’s driving force: risk-takers who organize capital and labor to meet uncertain consumer needs. Without them, there is no market economy.
Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.
Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.