The Austrian Institute helps people see themselves as free and sovereign individuals who are capable of responsibly providing for their own lives. It makes the case for individual liberty and free markets from an economic, social, and moral perspective.
Please note that our main Website is in German. For more articles, events and videos see the German section of our Website.
The Ethics of the Market Economy: A Critical Appraisal of Ludwig von Mises’ Utilitarian Interpretation (Academic paper)by Martin Rhonheimer • Mises’ interpretation of market capitalism is flawed and his rejection of natural law unjustified. In truth, Mises is best interpreted in a non-utilitarian way. Read more
The Austrian Institute of Economics and Social Philosophy (the Austrian Institute) is a private, non-profit organization, which makes the case for individual liberty and free markets from an economic, social, and moral perspective, aiming to bring these into broader public consideration. In this way, the Institute seeks to foster and promote an entrepreneurial spirit in all sectors of society.
The Austrian Institute is dedicated to the dissemination of the principles of classical liberalism in the tradition of the Austrian School of Economics, as well as other consistently market-oriented and freedom-based approaches.
The Austrian Institute promotes the ethical ideal of individual responsibility and self-determination in the context of a free market economy and an entrepreneurial society, which can develop for the benefit of everyone – without government interference or the bureaucratic paternalism of the welfare state.
The Austrian Institute pursues these objectives by organizing seminars and workshops, generating scholarly studies on key economic and philosophical issues, as well as publishing opinion pieces and editorial statements on current issues; providing online and other information services; and supporting the practical application and implementation of the training it provides. It makes available information about current events, explains relevant background issues, and provides people with the knowledge to better understand contemporary issues.
Political and economic freedom — especially as expressed in a free market economy and free enterprise system based on the rule of law, which enforces the same rules for everybody and ensures the protection of private property — are both basic conditions for a just and humane society, and are the most efficient way to overcome global poverty and underdevelopment.
The traditional Christian ideals of justice, solidarity, and charity can only be realized if they are guided by sound economic principles, which promote the entrepreneurial potential of all people — including the poorest.
Unlike other approaches to economics, the Austrian School of Economics (also simply called “Austrian Economics”) is not based on a fictitious homo oeconomicus but rather on human beings as they really are and act. It is thus better able to explain economic relationships – and their social and political implications – more accurately than other perspectives.
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