The Ludwig von Mises Institute (LvMI), based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises. Anarcho-capitalist thinkers such as Murray Rothbard have also had a strong influence on the Institute's work. The Institute is funded entirely through private donations. <\/p>\n
The Institute does not consider itself a traditional think tank. While it has working relationships with individuals such as U.S. Representative Ron Paul and organizations like the Foundation for Economic Education, it does not seek to implement public policy. It has no formal affiliation with any political party (including the Libertarian Party), nor does it receive funding from any. The Institute also has a formal policy of not accepting contract work from corporations or other organizations. <\/p>\n
The Institute's official motto is Tu ne cede malis sed contra audentior ito, which comes from Virgil's Aeneid, Book VI; the motto means \"do not give in to evil but proceed ever more boldly against it.\" Early in his life, Mises chose this sentence to be his guiding principle in life. It is prominently displayed throughout the Institute's campus, on their website and on memorabilia. <\/p>\n<\/p>\n
Lysander Spooner (19 January 1808 14 May 1887) was a libertarian,[1]individualist anarchist, entrepreneur, political philosopher, abolitionist, supporter of the labor movement, and legal theorist of the 19th century. He is also known for competing with the U.S. Post Office with his American Letter Mail Company, which was forced out of business by the United States government. He has been identified by some contemporary writers as an anarcho-capitalist,[2][3] while other writers and activists believe he was anti-capitalist for vocalizing opposition to wage labor.[4] <\/p>\n
Later known as an early individualist anarchist, Spooner advocated what he called Natural Law or the \"Science of Justice\" wherein acts of initiatory coercion against individuals and their property were considered \"illegal\" but the so-called criminal acts that violated only man-made legislation were not. <\/p>\n
He believed that the price of borrowing capital could be brought down by competition of lenders if the government de-regulated banking and money. This he believed would stimulate entrepreneurship. In his Letter to Cleveland, Spooner argued, \"All the great establishments, of every kind, now in the hands of a few proprietors, but employing a great number of wage labourers, would be broken up; for few or no persons, who could hire capital and do business for themselves would consent to labour for wages for another.\"[5] Spooner took his own advice and started his own business called American Letter Mail Company which competed with the U.S. Post Office. <\/p>\n
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