Overview

• Three of five members of the Institute’s Scientific Advisory Council resigned on July 13 after the board named Javier Milei the intended recipient of a new Ludwig von Mises commemorative prize announced in early July for October.
• In a public statement, the resigning academics called Milei’s grasp of Austrian School ideas “superficial and deficient” and advised against treating his economic philosophy claims as reliable.
• They said neither the creation of the Institute’s sole prize nor the choice of honoree was discussed with the advisory council, warning that the rollout falsely implied their endorsement.
• The signatories cautioned that awarding Milei could inflict “durable and irreparable” harm on the Institute’s credibility and on the Austrian School more broadly.
• Their critique also faulted Milei’s governance record, citing political centralization, a stronger police state, failure to abolish the central bank, inflationary financing, and foreign policy alignments with the United States and Israel; the board’s award plan remains publicly in place and two council members remain.