Academia has seemed to ruefully and intentionally ignore the work of Austrian-school economists like Ludwig von Mises and Murray Rothbard. If their names earn a mention in a university economics class, it is usually in passing. Now, the Ludwig von Mises Institute has graduated its first graduate-level class of economics students focused on the principles of Austrian economics. Former editorial assistant to Ludwig von Mises, Llewellyn J. Rockwell explains how important this day is, writing on his blog, LewRockwell.com (abridged):
Murray would have loved what took place at the Mises Institute on Friday, July 29, 2022, near the end of Mises University 2022. All his academic life, he dreamed of a graduate school where Austrian economics could be studied at an advanced level and where the torch could be passed to a new generation of young scholars. Last Friday, this dream was fulfilled. In a beautiful ceremony, two students received their MA in Austrian Economics
The program these students followed is rigorous. Here it is: “The Mises Institute’s Master of Arts in Austrian Economics is unique. It is the first graduate program in the United States dedicated exclusively to the teaching of economics as expounded in the works and great treatises of Ludwig von Mises and Murray N. Rothbard. The goal of the program is to assist students in mastering the principles of this great body of work and putting these principles to use in their chosen endeavors.
To this end, the Institute has carefully selected an outstanding faculty, with PhDs from prestigious universities including New York University, UCLA, Columbia University, Cal-Berkeley, Rutgers University, and Virginia Tech. All are accomplished scholars who have lectured or taught at Mises Institute events and published in its journals, books, or online publications. Many were personal friends or protégés of Murray Rothbard.
I am confident that this great man was looking down from Heaven at our graduation. Though he is long gone, his spirit remains with us and will always guide us
Llewellyn H. Rockwell, Jr. former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. He is the author of Against the State and Against the Left.
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