As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny is at stake.

—Ludwig von Mises

Inspired in part by Ludwig von Mises's unsuccessful plan to create a Liberal Institute at the University of Chicago in 1949, the Mises Institute Graduate School welcomed its first cohort in August 2020. It has since admitted three more cohorts and is now taking applications for fall 2022.

The Mises Institute Graduate School is seeking applicants with specific plans to put their learning to productive use. After graduation, students will be well-suited for careers beyond academia, such as public policy analysis, entrepreneurship, finance, and business. The program can also serve as a steppingstone to a career in public interest law.

Although the program requires a fifteen–eighteen hour weekly commitment, asynchronous online delivery of the coursework allows considerable flexibility for students with work and familial obligations. Because the vast majority of the tuition, books, and other program expenses are funded by the Institute’s private donors, most students can pay as they go and graduate debt-free. The low tuition price is not, however, the primary reason students opt for the Institute’s degree program. It is the uniqueness of an economics program that is 100% Austrian, taught exclusively by the nation’s foremost Austrian school professors and scholars.