Southeast Student Participates in Prestigious Economics Institute

CAPE GIRARDEAU, Mo., Sept. 2, 2005 ᾰ Southeast Missouri State University senior Devin Leary-Hanebrink was awarded a scholarship to participate in Mises University, an economics program emphasizing the theories, policies and methods of the Austrian School of Economics.  The program took place at the Mises Institute in Auburn, Ala., July 31-Aug. 6.

Leary-Hanebrink learned of the Institute from Dr. Peter Kerr, Southeast professor of economics and finance.

“After taking Dr. Kerr’s course on Monetary Economics, my interest was piqued,” Leary-Hanebrink said.  “Thanks to Dr. Kerr’s preparation, Mises University was a very rewarding experience that increased my knowledge of the Austrian school while solidifying my beliefs in Austrian economics.”

The program is based on the traditions of Carl Menger and Ludwig von Mises, and offers a logical approach to economics that incorporates free markets and the reality of human choice.  Prior to attending the program, students must prepare themselves and be familiar with required readings and lecture notes that will be covered. 

“The Institute awards only 100 scholarships to students worldwide,” Kerr said. “Devin was chosen from 200 applicants to attend the institute, and he is the first student from Southeast to attend the program.”

Students attending the Institute participate in seminars, reading groups and courses on free market economics.  Faculty from universities across the nation instruct students on theories about market behavior, competition, value and utility, money and banking, business cycles, industrial organization and a variety of other areas pertaining to economic theory and philosophy. 

Leary-Hanebrink says he plans to keep in contact with those he met at the institute and attend the conference again in a few years. 

“I learned a wealth of knowledge from the most prominent professors in the field,” he said.  “The most rewarding aspect of the conference was being able to network with other Austrians from around the world.”

The Institute is adjacent to the campus of Auburn University and offers recently expanded seminar rooms, a special-collections library, a music conservatory, an outdoor amphitheatre and a large archival center that houses papers from historically known Austrian economists. 

More information about the Mises Institute and the 2005 Mises University program can be found at http://www.mises.org/.