Mises and his money

  • Simon Bilo


When he arrived in the US, Ludwig von Mises faced financial difficulties and had to find new sources of income. I use archival material to build on the existing narratives and to present a more informed version of Mises’s finances and employment after his arrival. First, I document the financial struggles of the Mises family after arriving in the US and show that they were not as severe as other accounts suggest. Second, I look at Mises’s appointment letters from New York University (NYU) and find inconclusive the claims that private donors funded all his NYU income. Third, I look at some of the other noteworthy episodes of Mises’s financial history.


Austrian economics New York University Ludwig von Mises Volker Fund 

JEL classification

B25 B31 



I would like to thank Harry David and participants in the 2018 Wirth Institute Conference in Edmonton, Alberta, for valuable comments and suggestions on an earlier draft of the present paper. I am also thankful to Hilary Walczak of the Grove City College Archive for her help with accessing the archival materials in the Ludwig von Mises Collection. I gratefully acknowledge the financial help that I received from the Mercatus Center while working on this project. I am responsible for all errors.


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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.ArlingtonUSA

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