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64-795: According to their website, the basic principles of Nova Civitas were: Nova Civitas was founded in 1992, in the tradition of the Belgian 1980s, Ludwig Von Mises Institute as a new political club to support the rebirth of a strong liberal movement in Belgium dominated by the VLD in Flanders and the Liberal Reformist Party in Wallonia . Nova Civitas was headquartered in Ghent . In 2004,

128-564: A public relations firm which itself receives funding from Koch's Foundation, registered as $ 1.4 million between 2014 and 2019. Koch supported his brother's candidacy for vice president on the Libertarian Party ticket in 1980. After the bid, Koch told a reporter that conventional politics "tends to be a nasty, corrupting business ... I'm interested in advancing libertarian ideas". In addition to funding think tanks, Charles and David also support libertarian academics and Koch funds

192-552: A "paleo alliance" between paleolibertarians and paleoconservatives in the form of the John Randolph Club in 1989, which allied the Mises Institute and the paleoconservative Rockford Institute . In the early 1990s, Austrian economist Steven Horwitz called the Mises Institute "a fascist fist in a libertarian glove." Figures at the Mises Institute were associated with neo-Confederate positions, and

256-528: A group of local business leaders and WSU boosters that raised Marshall's annual salary from $ 1.85 million to $ 3 million and kept him at the school. The raise was seen as an unprecedented move for a school outside the Power Five conferences , and likely to make Marshall among the 10 highest-paid college basketball coaches. Through the Koch Cultural Trust, founded by Charles wife, Elizabeth,

320-654: A low profile". Time magazine included Charles and David Koch among the most influential people of 2011. According to the magazine, the list includes "activists, reformers and researchers, heads of state and captains of industry." The article describes the brothers' commitment to free-market principles, the growth and development of their business, and their support for Tea Party organizations and political candidates. Koch lives in Wichita, Kansas, and has homes in Indian Wells, California , and Aspen, Colorado . Koch

384-626: A new regional committee was created in Antwerp , followed in 2006 by one in Brussels . Nova Civitas opposed the "socialist welfare state" and advocated further transfers of competences from the federal to the regional levels. Nova Civitas also proposed a regrouping of political forces into what would have become a de facto two-party system, with a big centre-right/right-wing political party alliance in Flanders, including VLD, Christen-Democratisch en Vlaams , New Flemish Alliance and Vlaams Belang . At

448-564: A principal supporter. He has been on the board of IHS since 1966. Since the 1980s, IHS has been increasingly interested in aiding the careers of aspiring educators, journalists, and policy professionals with an interest in classical liberal thought. Among other projects, the IHS runs the Charles G. Koch Summer Fellow Program, which "has supported more than 900 students during eight-week internships at public policy organizations, both in D.C. and around

512-530: A writer. In an interview with Warren Cassell Jr., which was recorded in February 2016, Koch stated that as a child he did not live a privileged lifestyle despite growing up in a wealthy family. Koch said, "My father wanted me to work as if I was the poorest person in the world." After attending several private high schools, Koch was educated at the Massachusetts Institute of Technology . He

576-463: Is "actively funding efforts to end federal marijuana prohibition ." In an April 2011 Wall Street Journal op-ed, Koch wrote: Government spending on business only aggravates the problem. Too many businesses have successfully lobbied for special favors and treatment by seeking mandates for their products, subsidies (in the form of cash payments from the government), and regulations and tariffs to keep more efficient competitors at bay. Crony capitalism

640-434: Is a form of heterodox economics . It is distinct from that of other Austrian economists , including Hayek and those associated with George Mason University . The paleolibertarian economic and cultural views of some of the Mises Institute's leading figures have been influential in the presidential campaigns of Ron Paul , the presidential campaign of Rand Paul , the presidential campaigns of Donald Trump , and

704-578: Is a member of the Beta Theta Pi fraternity. He received a Bachelor of Science (B.S.) in general engineering in 1957, a Master of Science (M.S.) in nuclear engineering in 1958, and a second M.S. in chemical engineering in 1959. His focus was on ways to refine oil. After college, Koch started work at Arthur D. Little, Inc. In 1961 he moved back to Wichita to join his father's business, Rock Island Oil & Refining Company (now known as Koch Industries ). In 1967, he became president of

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768-450: Is business welfare and entitlements." In an April 2014 Wall Street Journal op-ed, Koch wrote, "the fundamental concepts of dignity, respect, equality before the law and personal freedom are under attack by the nation's own government." He criticized the Obama administration , saying that its "central belief and fatal conceit" is that people are not capable of running their own lives. "This

832-420: Is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want. His opposition to corporate welfare includes lobbying for the end to ethanol subsidies even though Koch Industries is a major ethanol producer. He is quoted as saying: "The first thing we've got to get rid of

896-697: Is organized in and interpreted through five dimensions: vision, virtue and talents, decision rights, incentives, and knowledge processes." In the book, Koch attempts to apply Friedrich Hayek 's spontaneous order theory and Austrian entrepreneurial theory , such as that of Mises and Israel Kirzner , to organizational management. Koch funds and supports libertarian and free-enterprise policy and advocacy organizations. Two works that have been especially influential upon Koch's philosophy are Ludwig Von Mises' Human Action and F. A. Harper 's Why Wages Rise . After reading Harper's book, Koch became involved with Harper's Institute for Humane Studies , of which he became

960-469: Is the essence of big government and collectivism," he wrote. He cited the "current health care debacle" as an example of disastrous government control. He complained that he had been the victim of "character assassination." Koch's business philosophy, "market-based management" (MBM), is described in his 2007 book The Science of Success . In an interview with the Wichita Eagle , he said that he

1024-894: Is to minimize the role of government and to maximize the role of private economy and to maximize personal freedoms." He has expressed concern about too much government regulation in the U.S., stating that "we could be facing the greatest loss of liberty and prosperity since the 1930s." In addition, he has warned that drastic government overspending and a decline of the free enterprise system will prove detrimental to long-term social and economic prosperity. According to Stephen Moore , influences on Koch include Alexis de Tocqueville , Adam Smith , Michael Polanyi , Joseph Schumpeter , Julian Simon , Paul Johnson , Thomas Sowell , Charles Murray , Leonard Read , and F. A. Harper . The presidents he most admires include George Washington , Grover Cleveland , and Calvin Coolidge . In an interview with

1088-542: The American Journal of Business , Koch said he owes "a huge debt of gratitude to the giants who created the Austrian School [of economics]. They developed principles that enabled me to gain an understanding of how the world works, and these ideas were a catalyst in the development of Market-Based Management." In particular, he expresses admiration for Ludwig von Mises ' book Human Action , as well as

1152-838: The Bill of Rights Institute , a non-profit group that educates teachers, students, and others about the Bill of Rights . He has also given to the Youth Entrepreneurs , an organization that teaches business skills to at-risk youth in Kansas schools. Koch acknowledges anthropogenic climate change , but opposes top-down government regulation as a solution. Rather, he favors bottom-up technological innovation from private entities, saying they can lower emissions while improving efficiency and lowering costs. He has heavily funded organizations and politicians who oppose environmental regulations . A leaked 2012 fundraising plan indicated that

1216-849: The Cato Institute , the Institute for Humane Studies and the Mercatus Center at George Mason University , the Bill of Rights Institute , and the Market-Based Management Institute . He is a member of the Mont Pelerin Society . Charles Koch describes himself as a classical liberal and has formerly identified as a libertarian . He is opposed to corporate welfare and told the National Journal that his "overall concept

1280-800: The Charles G. Koch Charitable Foundation contributed $ 25,000 in 2011 to the Heartland Institute , an American conservative and libertarian public policy think tank. Koch has also supported the Berkeley Earth Surface Temperature project, a scientific effort to compile an open database of the Earth's surface temperature records . The Pacific Legal Foundation , funded by Koch, has litigated against increased environmental regulation. The American Enterprise Institute received $ 2.1 million over two decades from

1344-622: The Coalition for Public Safety , and the MacArthur Foundation , Koch believes the current system has unfairly targeted low-income and minority communities all while wasting substantial government resources. In February 2016, Koch penned an opinion piece in The Washington Post , where he said he agreed with presidential candidate Bernie Sanders about the unfairness of corporate welfare and mass incarceration in

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1408-692: The Environmental Protection Agency to regulate carbon emissions. The Republican Trump administration adopted environmental policies similar to those advocated for by Koch-funded groups. Koch has backed the Competitive Enterprise Institute and the CO2 Coalition , both of which also supported former President Donald Trump ’s 2017 withdrawal from the Paris climate agreement. In 2022, Koch

1472-557: The Journal of Libertarian Studies, which it took over in 2000 from the Center for Libertarian Studies . The German Mises Institute (Ludwig von Mises Institut Deutschland e.V.) is a 2012 founded interest group and think tank of libertarian gold traders and investment advisors, which were associated with Swiss-based German billionaire August von Finck (1930–2021). Many gold dealers from the von Finck company Degussa Goldhandel are active on

1536-486: The Koch family has provided financial support to promising artists in a variety of fields. More than $ 1.7 million in grants have been awarded to programs and individuals with Kansas roots. Koch has been married to his wife Liz since 1972. He has two children, Chase Koch and Elizabeth Koch . Charles and his three brothers have all suffered from prostate cancer . Koch "rarely grants media interviews and prefers to keep

1600-672: The Republican Party and candidates, libertarian groups, and various charitable and cultural institutions. He co-founded the Washington, D.C.–based Cato Institute . Along with his brother, Koch has been an important funder of think tanks that lobby to oppose environmental regulation . Koch has published four books detailing his business philosophy, Market Based Management (2006), The Science of Success (2007), Good Profit (2015), and Believe in People (2020). Koch

1664-621: The candidacy of Joshua Smith for chair of the Libertarian Party . A 2014 New York Times piece described the Mises Institute as part of Rand Paul 's intellectual inheritance. Candice Jackson , who served as acting head of the U.S. Department of Education Office for Civil Rights during the Trump Administration , was previously a summer fellow at the Mises Institute and had collaborated on articles for Rockwell's website. Notable figures affiliated with

1728-643: The paleolibertarian and anarcho-capitalist movements in the United States. It is named after the economist Ludwig von Mises (1881–1973) and promotes the Misesian version of heterodox Austrian economics. It was founded in 1982 by Lew Rockwell , chief of staff to Texas Republican Congressman Ron Paul . Early supporters of the institute included economist F. A. Hayek , writer Henry Hazlitt , economist Murray Rothbard , Ron Paul , and libertarian coin dealer Burt Blumert . The Mises Institute

1792-607: The rescue packages for Greece and the Euro. The Mises Institute describes itself as libertarian , and as promoting the Austrian School of economics . In 2003, Chip Berlet of the SPLC described it as "a major center promoting libertarian political theory and the Austrian School of free market economics", while also assessing that it favors a "Darwinian view of society in which elites are seen as natural and any intervention by

1856-460: The " political class ." He believes billionaires Warren Buffett and George Soros , who fund organizations with different ideologies, "simply haven't been sufficiently exposed to the ideas of liberty." Koch claimed "prosperity is under attack" by the Obama administration and sought to warn "of policies that threaten to erode our economic freedom and transfer vast sums of money to the state." Koch supports cannabis legalization . As of 2021, Koch

1920-571: The Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard." Its academic programs include Mises University (non-accredited), Rothbard Graduate Seminar, the Austrian Economics Research Conference, and a summer research fellowship program. In 2020, the Mises Institute began offering a graduate program. It publishes

1984-489: The Charles G. Koch Summer Fellow Program through the Institute for Humane Studies which recruits and mentors young libertarians. Koch also organizes twice yearly meetings of Republican donors. Koch supported the Tea Party movement . "The way it's grown, the passion, and the intensity, was beyond what I had anticipated," he told an interviewer. He funded groups opposed to Barack Obama's administration. In 2011, Koch

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2048-555: The Charles Koch Foundation announced the foundation of anti-war think tank Quincy Institute for Responsible Statecraft , cosponsored by George Soros' Open Society Foundations . He is a board member at the Mercatus Center , a market-oriented research think tank at George Mason University . Koch's philanthropic activities have focused on research, policy, and educational projects intended to advance free-market views. He has underwritten scholarships and financed

2112-602: The Charles Koch Foundation for its climate change denialist activities. Together with ExxonMobil 's, Koch's wealth was also supplied to the Independent Institute , another think-tank known for lobby in favor of climate change denial. Koch has also given money to the American Institute for Economic Research , a right-wing libertarian think tank which also lobbies against climate science. Koch-backed Americans for Prosperity has fought efforts by

2176-511: The Koch family foundation donated $ 11.25 million to the university, the largest one-time gift in school history, with $ 4.5 million of that going toward a plan to renovate the arena and expand the athletic program's academic support center. Several months later, when men's basketball head coach Gregg Marshall was considering an offer to become head coach at the University of Alabama , Koch led

2240-574: The Mises Institute becoming established at the campus of Auburn University . Auburn was already home to some Austrian economists, including Roger Garrison . The Mises Institute was affiliated with the Auburn University Business School until 1998 when the institute established its own building across the street from campus. The Mises Institute aligned itself with what Rothbard called the Old Right , with "a defense of

2304-565: The Mises Institute in 2016 as "the intellectual epicenter of the radical libertarian movement in the United States". As of 2022, about 30 Mises Institutes had been created worldwide; some had died off but others, especially Brazil's, had gained influence. Defunct Newspapers Journals TV channels Websites Other Economics Gun rights Identity politics Nativist Religion Watchdog groups Youth/student groups Miscellaneous Other The institute describes its mission as to "promote teaching and research in

2368-733: The Mises Institute include: 32°36′24″N 85°29′29″W  /  32.6066°N 85.4913°W  / 32.6066; -85.4913 Charles Koch Charles de Ganahl Koch ( / k oʊ k / KOHK ; born November 1, 1935) is an American billionaire businessman. As of February 2024, he was ranked as the 23rd richest man in the world on the Bloomberg Billionaires Index , with an estimated net worth of $ 64.9 billion. Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his late brother David Koch served as executive vice president. Charles and David each owned 42% of

2432-590: The Mises Institute was Murray Rothbard , an influential right-wing libertarian activist and writer who had studied under Ludwig von Mises; Rothbard was a leading figure in the development of anarcho-capitalism and had also been a Cato Institute co-founder. Ron Paul, the Texas Republican congressman who would later run for president of the United States, was named a distinguished counselor and assisted with early fundraising. A timber company owner also contributed funds. Judge John V. Denson assisted in

2496-439: The United States . In 2020, Koch's Koch Industries donated $ 2.8 million to Republican Party causes through a political action committee . Koch Industries donated $ 221,000 to Democratic Party causes. On November 13, 2020, reports in several media published statements made during an interview with The Wall Street Journal by Koch about his regret that he had contributed significantly to the development of hyper-partisanship in

2560-623: The United States. Koch added that he intended to work with Democrats , moderate Republicans, and liberals to facilitate bipartisanship . In 2002, Koch Industries donated $ 6 million to renovate the Wichita State University basketball arena. The gift was given in honor of Koch, and the arena was subsequently renamed the Charles Koch Arena . Koch has continued to be a major donor to both the university and its athletic program . In December 2014, Koch Industries and

2624-543: The board of the institute; they reject intergovernmental fiscal policy and promote gold as a "safe currency". Von Finck was active in economic policy and criticized the EU. He assumed the costs for expert opinions from prominent professors, such as Hans-Werner Sinn , with whose help the lawyer and politician Peter Gauweiler (CSU) took action at the German Federal Constitutional Court against

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2688-464: The business, which was then a medium-sized oil firm. In the same year, he renamed the firm Koch Industries in honor of his father. Charles's brothers Frederick and Bill had inherited stock in Koch Industries. In June 1983, after a legal and boardroom battle, the stakes of Frederick and Bill were bought out for $ 1.1 billion and Charles and his younger brother David became majority owners in

2752-508: The company. Despite the settlement, legal disputes continued until May 2001, when CBS News reported that Koch Industries settled for $ 25 million. In 2006, Koch Industries generated $ 90 billion in revenue, a growth of 2000 times over, which represents an annual compounded return of 18%. As of 2014 , Koch was worth approximately US$ 41.3 billion (in 2013 $ 36 billion) according to the Forbes 400 list. Koch would routinely work 12-hour days at

2816-528: The conglomerate. The brothers inherited the business from their father, Fred C. Koch , then expanded the business. Koch Industries is the largest privately held company by revenue in the United States, according to Forbes. Koch also supports a number of libertarian think tanks , including the Institute for Humane Studies , the Cato Institute , the Ayn Rand Institute , and the Mercatus Center at George Mason University . He also contributes to

2880-499: The country." In addition, almost 200 institutions of higher education in the U.S. are funded by the Charles G. Koch Foundation . What all the Koch-funded programs have in common is an interest in studying free societies with an eye to understanding the mechanisms behind the assumption that economic freedom benefits humanity. In 1977 he co-founded the Cato Institute with Edward H. Crane and Murray Rothbard . In 2008, Koch

2944-458: The criminal justice system. For roughly a decade Koch has been advocating for several reforms within the prison system, including the reduction of recidivist criminals, easing the employment process for rehabilitated persons, and the defense of private property from asset forfeiture . Aligning with groups such as the ACLU , the Center for American Progress , Families Against Mandatory Minimums ,

3008-450: The gold standard, military isolationism, and 'traditional morality' and opposition to fiat money, supranational institutions, and 'forced integration'", according to academics Niklas Olsen and Quinn Slobodian. It started the Review of Austrian Economics in 1986. Rothbard and Rockwell coined the name " paleolibertarians " for socially right-wing libertarians like themselves. They forged

3072-527: The government on behalf of social justice is destructive". The Mises Institute favors the methodology of Misesian praxeology ("the logic of human action"), which holds that economic science is deductive rather than empirical . Developed by Ludwig von Mises, following the Methodenstreit opined by Carl Menger , it opposes the mathematical modeling and hypothesis-testing used to justify knowledge in neoclassical economics . Misesian economics

3136-430: The ideological laboratory for his party. From 2003 to 2009, Nova Civitas granted an annual award: Liberty Prize. In 2009, both Cassandra and Nova Civitas fell victim of internal disputes, and decided to disband themselves. A new classical liberal think tank, Libera! , replaced Nova Civitas. Libera! grants the annual Prize for Liberty. From 2003 to 2009, Nova Civitas granted the annual Prize for Liberty. Each laureate

3200-697: The institute held conferences about secession , including one in 1995 in Charleston, South Carolina , where the American Civil War had begun. After Rothbard's death in 1996, his protege Hans-Hermann Hoppe became a leading anarcho-capitalist figure of the institute and is known for his anti-democratic writing. In a 2000 report, the Southern Poverty Law Center (SPLC) said that the Mises Institute had shown "recent interest in neo-Confederate themes" and that Rockwell,

3264-494: The institute making the "Heart of Dixie a wellspring of sensible economic thinking." By 2011, The Economist said, the Austrian School economics championed by the Mises Institute had "won few mainstream converts". But it noted the think tank's growing presence on the internet as well as its facilities in Auburn including an amphitheater, conservatory, recording studio and library. The political scientist George Hawley described

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3328-685: The institute's founder, had "argued that the Civil War 'transformed the American regime from a federalist system based on freedom to a centralized state that circumscribed liberty in the name of public order.'" Kyle Wingfield wrote a 2006 commentary in The Wall Street Journal that the Southern United States was a "natural home" for the institute, as "Southerners have always been distrustful of government," with

3392-429: The office (and then spent more time working at home), weekends, and expected executives at Koch Industries to work weekends as well. Koch has been a director of INTRUST Financial Corp. since 1982 and director of Koch Industries Inc. since 1982. He is director of resin and fiber company Invista and director of Georgia-Pacific LLC, paper and pulp products. Koch founded or helped found several organizations, including

3456-506: The research of economists such as James Buchanan and Friedrich Hayek. He has also "supported efforts to inspire at-risk young people to consider entrepreneurship, to teach American students the principles of limited government, and to connect recent graduates with market-oriented organizations, in an effort to launch their careers in public policy." Koch has given money to support public policy research focused on "developing voluntary, market-based solutions to social problems." He has given to

3520-418: The time, this stirred controversy and several Nova Civitas members were rebuked by the VLD. Senators Hugo Coveliers and Jean-Marie Dedecker were even forced to leave the party in the ensuing turmoil. In 2007, Nova Civitas member Jean-Marie Dedecker started his own political party, the eponymous List Dedecker (now: Libertarian, Direct, Democratic ) and established a new think tank, Cassandra, to serve as

3584-413: The writings of Friedrich Hayek . Koch said "the short-term infatuation with quarterly earnings on Wall Street restricts the earnings potential of Fortune 500 publicly traded firms." He also considers public firms to be "feeding grounds for lawyers and lawsuits," with regulations like Sarbanes–Oxley only increasing the earnings potential of privately held companies. Koch disdains " big government " and

3648-554: Was awarded the William E. Simon Prize for Philanthropic Leadership . The award honors "the ideals and principles which guided William E. Simon 's giving, including personal responsibility, resourcefulness, volunteerism, scholarship, individual freedom, faith in God, and helping people to help themselves." In July 2015 Charles Koch and his brother were praised by President Obama and Anthony Van Jones for their bipartisan efforts to reform

3712-631: Was born and lives in Wichita, Kansas , one of four sons of Clementine Mary (née Robinson) and Fred Chase Koch . Koch's grandfather, Harry Koch , was a Dutch immigrant who settled in West Texas, founded the Quanah Tribune-Chief newspaper, and was a founding shareholder of Quanah, Acme and Pacific Railway . Among his maternal great-great-grandparents were William Ingraham Kip , an Episcopal bishop, and Elizabeth Clementine Stedman ,

3776-521: Was expected to provide a Gustave de Molinari -lecture. Since the 2009, the Liberty Prize was continued by Libera!. Awards by Libera! : Ludwig Von Mises Institute The Ludwig von Mises Institute for Austrian Economics , or Mises Institute , is a nonprofit think tank headquartered in Auburn, Alabama , that is a center for Austrian economics , right-wing libertarian thought and

3840-547: Was founded in 1982 by Lew Rockwell , who was chief of staff to Texas Republican Congressman Ron Paul ; previously Rockwell had been editor for the conservative Arlington House Publishers and had worked for the radical-right John Birch Society and the traditionalist Hillsdale College . Rockwell received the blessing of Margit von Mises during a meeting at the Russian Tea Room in New York City , and she

3904-473: Was included in Businessweek ' s list of top 50 American givers. Between 2004 and 2008, Koch gave $ 246 million, focusing on "libertarian causes, giving money for academic and public policy research and social welfare." Koch was awarded an Honorary Doctorate from George Mason University in recognition of his financial support "through scholarships, faculty recruitment, and research grants". In June 2019,

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3968-424: Was motivated to write the book by Koch Industries' 2004 acquisition of Invista so he could give new employees a "comprehensive picture" of MBM. According to the website of the Market-Based Management Institute, which Koch founded in 2005, MBM is "based on rules of just conduct, economic thinking, and sound mental models", harnessing the dispersed knowledge of employees just as markets harness knowledge in society. "It

4032-437: Was named one of the US' top 'climate villains' by The Guardian .  As of 2023, his company has received awards from the EPA for three consecutive years. Koch has also given money to the American Institute for Economic Research, the right-wing libertarian think tank which sponsored the Great Barrington Declaration . His Charles Koch Foundation gave $ 68,100 in 2018. The declaration's sponsor employed Emergent Order ,

4096-489: Was named the first chairman of the board. According to Rockwell, the institute was meant to promote the contributions of Ludwig von Mises, who he feared was being ignored by libertarian institutions financed by Charles Koch and David Koch . As recounted by Justin Raimondo , Rockwell said he received a phone call from George Pearson, of the Koch Foundation, who had said that Mises was too radical to name an organization after or promote. The original academic vice president of

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