Mises Institute

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.

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.

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.

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.

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.

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.

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.

"The word praxeology can be used in two different ways. One is for a science of human action, as developed by Ludwig von Mises and his successors, principally Murray Rothbard. And the other is for the deductive method used in the science of human action."

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.

Jeffrey Herbener explains how Austrian price theory reveals the logic of voluntary exchange and subjective value, and why market prices emerge not from production costs, but from personal preferences and economizing choices

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.

Professor Salerno traces the birth of the Austrian School to Carl Menger’s revolutionary insight: prices emerge from human wants, choices, and the subjective value of each unit consumed.

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.