The Ludwig von Mises Institute (LvMI), based in Auburn, Alabama, is an American libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and, political economy. The institute describes its mission as placing "human choice at the center of economic theory," to encourage "critical historical research," and to defend "the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive."
Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises. Other Austrian School academics such as Murray Rothbard and Friedrich Hayek have also had a strong influence on the Institute's work. The Institute is funded entirely through private donations.
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