What is Mises University? It’s the premier, educational week-long event at the Ludwig von Mises Institute that provides a systematic introduction to Austrian economics, libertarianism, and classically liberal political theory as a complete integral unit — not to mention forty other intermediate and advanced elective courses to choose from.
I am an alumni of Mises University, class of 2009, and because of that, I’d like to provide an eager, first-hand, consumer review of Mises University. Toward this end, I’ll explain why I feel those young Austrian students who have not yet applied should do so for next year — and as soon as possible!
No one has yet written a review of Mises University written for Mises Daily. A few days into the conference, I decided that I would be the first one to do so. Indeed, I felt an obligation to write, since I knew that there had to be a way to get the word out to the many potential students who might not think to apply otherwise. FULL ARTICLE by John David Fernandez
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Good Job:
I think this is a funny quote from a comment from the WSJ today:
http://online.wsj.com/article/SB125167518049170977.html#articleTabs%3Dcomments
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Chase, if you’d like to get picky, then do it right. Inflation is not “simply an increase in monetary units.” It is the money supply growing faster than the supply of goods, which of course leads to rising prices.
And that whole “school”? It’s little more than von Mises’s impenetrable “Human Action” plus a right-wing cult of fans who buy it, struggle through a couple chapters with the gloss, then give up and put it on the shelf but still proclaim themselves Austrian economists. This has been going on forever. There’s a reason the only “Austrian economists” you can find anywhere are all amateurs with little to no formal training in economics.
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The Austrian school is getting alot of flak, that must mean they are on the right course.
Where there any international students in attendance?
and if so, from which countries (a few examples just to get me focused)
thanks
Sounds great! I’ve been listening to the mp3s as I drive, which are great, but I hope I’ll be able to attend next year.
“And that whole “school”? It’s little more than von Mises’s impenetrable “Human Action” plus a right-wing cult of fans who buy it, struggle through a couple chapters with the gloss, then give up and put it on the shelf but still proclaim themselves Austrian economists. This has been going on forever. There’s a reason the only “Austrian economists” you can find anywhere are all amateurs with little to no formal training in economics.”
Then he should email an actual economist and debate them. He doesn’t. No, he bitches in a comment section of some news section. The horror of people actually knowing economics without formal training! Amateurs! His comment suggests he personally is too stupid to read HA. Who’d have guessed…
Being in the UK and in my 50s I didn’t go the Mises U but I did listen to every one of the lectures for free on mp3. Having listened to many previous Mises U lectures I found this current crop to be the best yet. Truly inspiring stuff.
I would love to attend in person to meet these people and shake their hands.
@giladr
I attended Mises U. 2009, it was a great experience. Specifically about your question:
I met 2 guys from Belgium
One guy from France
One guy from England
One guy from Ireland
One guy from Spain
One girl…. I think from Denmark, hope that’s not wrong.
and I’m likely missing some people, but those are the folks with whom I spoke a few times or more during the course of the week.
I gotta admit one thing, I thought the people who came from abroad were MUCH more prepared and well-versed than us American participants (but I’ll be prepared for next time!). In an informal lunch-time chat at our table with Dr. Carden we theorized this may be due to opportunity cost.
Anyway, just wanted to chime in and say Mises U. rocks. I plan on going next summer. I can’t stop reading Austrian literature, and I think the experience has literally changed my life…
Just realized I forgot to mention a guy and a girl from India. The guy placed in the top 3 for the oral exam.
Also, wanted to clarify that I wasn’t saying ‘all’ foreign kids were better read than ‘all’ Americans. Just on-average I would say.
I just read that woman’s comments in WSJ.
I have tried talking to my career-economist friends about Austrian Economics but they all hate it(or learn to hate it once they learn more about it). The idea of not doing Mathamatics or Mathematical modeling makes them think that this is sub-par school of economics.
Consider this way if a bunch of programmers are told about this new programming framework which requires no coding, we(considering I am a programmer too) all hate the idea of that thing. It looks like if we cannot program it then it must be made for non-programmers. Also if we cannot program it then it gives us little leverage on what we can accomplish using that framework.
The non-programmers may love that framework, but soon the programmers will start seeing the framework as someone mocking their 4 years of computer science degree, as the people who never even went to a comp sci school are claiming to be a programmer and arguing with them about the concepts of programming.
Once you understand it(especially if you are a programmer) you will see why approaching career economists is futile. The only career economists who might be interested in Austrian Economics would be the ones who hated Mathematics and found severely crippled because of it, or the ones who got interested in libertarianism and now loath the idea of using govt to try to achieve the ends of stupid mathematical models.
The fact that the lady thinks never has she ever seen so many amateur economists with little or no training in economics are calling themselves as “Austrian Economists” speaks greatly of the influence Austrian Economics. The society where everybody understands economics without going through years of elite training is definitely much more desirable than a society where only a few elites can do all the economics thinking for the rest.
Peter Schiff and Ron Paul are not Career Economists but when they prove mainstream economists wrong, the impact is much more than when a career economists brings his mathematical theory to people.
In a few years the influence of Austrian Economics would be so high that mainstream economists will have to come out and focus on full time on trying to prove it wrong. Paul Krugman will have to write an article a month dealing with an argument Robert Murphy made on his blog.
The point is Republicans-Conservatives-Libertarians always wanted to know Chicago(the supposed Free Market bastion in mainstream economics) economics but find it impossible to do considering they are not mainstream economists. But with Austrian Economics gaining mainstream focus it will be different.
Oh I wouldn’t be surprised if they were. Considering only the most well-read foreign kids would find it worth to spend their money to come to Mises University, compared to American kids whose marginal cost of coming to Mises U is much less than the marginal cost of Foreign kids.
So only those foreign kids come to MisesU who value coming to MisesU much more than other things, and these are the kids who value MisesU more are the ones who are quite well read.
So I wouldn’t be surprised by that fact. Although you cannot use these facts to judge anything about American education and their country’s education.
Hi JD:
Good job with your review.
Dr. T.
PS: Denmark took the prize with 5 or 6 students and relative to population that is huge! Students come from around the country and around the world.
“are all amateurs with little to no formal training in economics.”
Kind of like how Drudge, Youtube and other Internet sites have ‘destroyed’ journalism.
(sarcasm) Those people are amateurs with little or no formal training in Journalism. You have to go to a ‘proper’ school to learn proper Journalistic thought to post news (/sarcasm)
@Joe
How could you. http://tinyurl.com/youforgotpoland
Cheers;)
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