In 2006, Hoppe founded The Property and Freedom Society ('PFS') as a reaction against the Milton Friedman-influenced Mont Pelerin Society, which he has derided as 'socialist'. Main article: Property and Freedom Society Hoppe resides in Turkey with his wife Gülçin Imre Hoppe, an Austrian school economist. Hoppe was also intimate friends with Ludwig von Mises. After reading Rothbard's books and being converted to a Rothbardian political position, Hoppe moved from Germany to New York City to be with Rothbard, and then followed Rothbard to the University of Nevada, Las Vegas, 'working and living side-by-side with him, in constant and immediate personal contact.' According to Hoppe, from 1985 until Rothbard's 1995 death, Hoppe considered Rothbard his 'dearest fatherly friend'.

Hoppe has stated that Murray Rothbard was his 'principal teacher, mentor and master'. He is a Distinguished Fellow of the Mises Institute, the publisher of much of his work, and was editor of various Mises Institute periodicals. From 1986 until his retirement in 2008, Hoppe was a professor in the School of Business at University of Nevada, Las Vegas. He was a post-doctoral fellow at the University of Michigan, in Ann Arbor, from 1976 to 1978 and earned his habilitation in Foundations of Sociology and Economics from the University of Frankfurt in 1981. He studied under Jürgen Habermas, a leading German intellectual of the post-WWII era, but gradually came to reject Habermas's ideas, and European leftism generally, regarding them as 'intellectually barren and morally bankrupt.' He completed his undergraduate studies at Saarland University and received his MA and PhD degrees from Goethe University Frankfurt. Murray Rothbard, whom Hoppe called his mentor and master

Hoppe democracy the god that failed