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. Other Austrian School academics such as Murray Rothbard and Friedrich Hayek have also had a strong influence on the Institute's work. The Institute is funded entirely through private donations.
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.
There are also several other Institutes with the same name throughout the world, including those in Belgium, Poland, Argentina[page needed], Mexico, Russia[page needed], Brazil, and Romania[page needed] (see external links). However, the Institute has no formal ties with any of them.
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.