ECAEF News

Privacy in the context
of new communication systems

Prince Michael Liechtenstein Privacy
Trust & Trustees, issue July 2015: Click on the picture to read the full article.

Essay by Prince Michael of Liechtenstein

Today’s trend is to do as much as possible electronically. The result is that nearly everything is, and remains, recorded. It is the view of many that a lack of privacy is not a problem, because they have the attitude ‘I don’t mind people knowing because I have done nothing wrong and have nothing to hide.’ But this very attitude constitutes a great danger. That attitude opens the way to create a totally transparent person deprived of any right to personal and financial privacy … Continue reading -> Trusts & Trustees, July 2015


8 vernon smith prize

Vernon-Smith-Prize: Call for Papers!

The 8th International Vernon Smith Prize for the Advancement of Austrian Economics is calling for papers. This years theme: Edward J. Snowden: Hero or Villain? If a hacker intercepted communications and attacked private computers, it would be a crime. Yet when it’s done by a government, it represents a necessary component of national security and the protection of an unspecified ‘public interest’ … Continue reading -> VSP 8

Jacques Rueff Conference Monaco

Collapse of the Welfare State

Will the end of a daydream turn into a nightmare? The first International Jacques Rueff Conference will be a one-day conference in Monaco. Organized and hosted by ECAEF (European Center of Austrian Economics Foundation) in co-operation with CEPROM (Center of Economic Research for Monaco). Planned to take place in November 2016. The exact date will be announced here at ECAEF.  Read more:  -> ECAEF News

Direkte Demokratie

Direkte Demokratie: Leidenschaften, Laster und Lehren

Essay von Ekkart Zimmermann

Ohne Zweifel ist die direkte Demokratie leidenschaftlich und lautstark-partizipatorisch. Ihre Kritiker wollen Fehler sehen, wittern mögliche Laster: Wie kompetent sind die Wähler? Welche Bedeutung spielen finanzielle Mittel? Wie beeinflußt die direkte Demokratie die Politik, zum Nutzen vieler oder weniger? Vergleichende Analysen kommen zu zwei zentralen Befunden über die Chancen politischer Beteiligung … Weiterlesen -> Direkte Demokratie (download DOC)

Downsize States to Empower Local Decision Making?

Der schleichende Weg zur Planwirtschaft

Liechtenstein hat ein europäisch voll anerkanntes Steuersystem. Gründe für Liechtensteins Platzierung auf der vergangene Woche präsentierten schwarzen Liste sind, vermutet Prinz Michael von und zu Liechtenstein, dass die EU-Kommission vom Zentralismus und dem planwirtschaftlichen Charakter ihrer Massnahme ablenken will, sich aber nur traut, eine Rufschädigung gegen vermeintlich schwächere Länder zu betreiben. Weiterlesen ->  Volksblatt, 23. Juni 2015 (download PDF)

Scandalised and bored by the Greek saga

Scandalized and bored by the Greek saga

The longer the Greek debt saga continues, the more irritating it becomes, writes Prince Michael of Liechtenstein. It has been obvious for some time that Greece is bankrupt. The negotiations and renegotiations, statements, lies, and the personal comedy of Yanis Varoufakis, the Greek finance minister, are not only insignificant – but just prolong the agony. …  Continue Reading ->  GIS

Downsize States to Empower Local Decision Making?

Downsize States to Empower Local Decision Making?

Students-for-Liberty Local Coordinators Daniel Issing and Alfredo Pascual were invited to attend the XI. Gottfried von Haberler Conference, hosted by the Liechtenstein-based think tank European Center of Austrian Economics Foundation (ECAEF) on May 29 at the University of Liechtenstein. The main topic was downsizing states and empowering local decision making …  Continue Reading ->  Students for Liberty

Haberler-Konferenz 2015: Schlussworte

Prinz Michael von u. zu Liechtenstein

Geschätzte Damen und Herren. Es freut mich ausserordentlich zu sehen, auf welch grosses Interesse die 11. Internationale Gottfried von Haberler-Konferenz gestossen ist. Eröffnet worden ist die Konferenz vom liechtensteinischen Regierungschef-Stellvertreter Dr. Thomas Zwiefelhofer, der die Ministerien Justiz, Wirtschaft und Inneres verantwortet. Seine zwei grundlegenden Fragen lauteten: «Wie weit dürfen wir in der Einschränkung der Freiheit wirklich gehen unter dem Vorwand, eben diese zu schützen?» und «Wie gelingt es, die Souveränität zu festigen?» … Download: -> PDF

Parliament should defend the rights of the people

Parliaments were created as the legislative power representing citizens’ interests and to defend the freedom of individuals and the rule of law, writes Prince Michael of Liechtenstein. New laws, prepared by government, need the approval of parliament through a vote by its members. Parliament also has a duty to supervise the actions of the executive body. Constitutions, such as the US constitution, had a primary role to protect people and their freedom from government. This should also be respected when passing acts of parliament … Continue reading: -> GIS

news_220_gis

Haberler-Konferenz 2015: Dinner-Ansprache

von Peter A. Fischer

Ich bin gebeten worden, Ihnen zur Einstimmung auf die XI. Gottfried-von-Haberler-Konferenz meine Gedanken zum Thema “Kleinheit als Lust oder Last” vorzutragen. Diese Anfrage habe ich mit Freude angenommen. Denn gerade in wirtschaftlich so turbulenten Zeiten wie den gegenwärtigen scheint mir die Initiative von … Weiterlesen: ->  Dinner-Ansprache

news_220_gis

Haberler Conference 2015: Download Papers here

Austrian Economics applied! This years’ Gottfried von Habeler Conference did successfully take place on May 29, 2015 in Vaduz (Liechtenstein). Papers in .doc-format of the speakers can be downloaded by clicking on the interactive names of the speakers here -> GvH Conference 2015

US and European monetary policy upsets the markets

Bad news on the US economy resulted in equity markets closing on a high for the S&P and the Dow Jones indexes on Monday, May 18. But looking at market fundamentals, this is a paradox, writes Prince Michael of Liechtenstein. Economic bad news is likely to dissuade America’s central bank, the Fed, from tighter monetary policy. Cheap money will continue to be around and is likely to find its way into the stock market. …  Continue Reading:  GIS

No Diverse Populace Without Diverse Representation

Remarks about the latest Solidarity’s Shadow Report to the United Nations’ Committee on the “Elimination of All Forms of Racial Discrimination” by Herman Mashaba from South Africa:

Racial discrimination has affected, over the last 300 years of our recorded history, the lives of every person living in South Africa, and unfortunately continues to do so today. …  Continue reading->  Herman Mashaba

GIS

Goodbye to freedom as governments exert control

Europe was shocked by the news that America’s National Security Agency and Britain’s electronic eavesdropping agency GCHQ were spying on European politicians and citizens, writes Prince Michael of Liechtenstein. The leaks about German Chancellor Angela Merkel’s mobile phone being tapped by the Americans emerged in October 2013 from former CIA contractor Edward Snowden. She made the now-famous remark that, ‘Spying between friends, that’s just not done’ …  Continue Reading:  GIS

gottfried haberler 20. todestag

Rückblick auf ein erstaunliches Leben

Vor 20 Jahren, am 6. Mai 1995, starb Gottfried von Haberler 95-jährig in Washington D.C. Er zählte nicht nur zu den führenden Wirtschaftswissenschaftlern des 20. Jahrhunderts. Als Mitglied der vierten Generation der Österreichischen Schule der Nationalökonomie war er nach F.A. von Hayek oder K.R. Popper einer der letzten Überlebenden dieser unersetzbaren Generation klassisch gebildeter europäischer Gelehrter …  Weiterlesen:  Volksblatt, 6. Mai 2015 (PDF)

Sound Money through Monetary Competition

by Pedro Schwartz.

Money is the wild card of the capitalist game. In the past century, financial and monetary upsets recurred, with the Great Depression as the nadir. In the present century, just when the End of History was around the corner and political and economic democracy seemed victorious over all other social systems, the Great Recession hit. We do not yet have a complete picture of why this happened, but there is little doubt that our monetary arrangements proved defective. … Continue reading:  Sound Money (PDF)

Staatskonkurs als Chance für Griechenland

von Robert Nef.

Die zwingende Verknüpfung von Staatskonkurs, Euro-Ausschluss und EU-Ausschluss verbunden mit einer Kettenreaktion, die zum Zusammenbruch des Euro und der EU führen werde, ist eine von EU- Zentralisten und mit ihnen zunehmend verbandelten Bankern aufgebaute Drohkulisse, die leider von vielen Politikern und Wissenschaftlern gestützt und von den Medien fast kritiklos übernommen wird. … Weiterlesen:  Staatskonkurs als Chance

Die EU ist kein Rechtsstaat

Schweizerzeit-Interview mit Carlos A. Gebauer, Rechtsanwalt.

Undeutliche Rechtsbegriffe machen EU zum totalitären Gebilde. Mit einem neuen Buch versetzt Carlos A. Gebauer die EU-Turbos in einen Schockzustand. Anhand einer detaillierten und tiefgründigen Analyse der EU-Vertragswerke zeigt er auf, dass die EU das pure Gegenteil des selbst deklarierten “Raums der Freiheit, der Sicherheit und des Rechts ist” … weiterlesen -> EU kein Rechtsstaat

Greece and the Euro, All Over Again

Pedro Schwartz, An Economist Looks at Europe (Feb 2, 2015).

The inventors of the euro thought that by artificially constructing a single currency and imposing it on the nations of Europe they would strengthen the Union they were intent on building. The effect has been to deepen its divisions. The aim, for the Germans especially, was to build a solid currency of stable value issued by an independent central bank, along the lines of the Deutsche Mark and the Bundesbank …  Continue reading, download PDF:  Greece and the Euro

Brexit not Grexit is Europe’s problem

The outcome of the UK parliamentary elections on May 7 is very open with two new political forces in play – the anti-European Union UK Independence Party known as UKIP and the Scottish Nationalists. Their impact is quite in incalculable, writes Prince Michael of Liechtenstein …  Continue reading:  GIS

Secular stagnation must not be accepted

We are constantly receiving alarming news on the state of the global economy. Insufficient growth, first in the industrialised world, and now in the emerging markets. Free markets brought unprecedented growth to world economies, especially since the 1980s. Living standards increased, and hundreds of millions of people globally were freed from poverty …  GIS

8 vernon smith prize

Vernon-Smith-Prize: Call for Papers!

The 8th International Vernon Smith Prize for the Advancement of Austrian Economics is calling for papers. This years theme: Edward J. Snowden: Hero or Villain? If a hacker intercepted communications and attacked private computers, it would be a crime. Yet when it’s done by a government, it represents a necessary component of national security and the protection of an unspecified ‘public interest’ … Continue reading -> VSP 8

news_220_gis

26-year old challenges Piketty

Graduate student Matthew Rognlie recently wrote in his blog post that the French economist’s argument misses a subtle but absolutely crucial point. Piketty might have got the pattern in reverse. Instead of the returns to capital increasing in perpetuity, they might be poised to decline. With that quick post, Rognlie was challenging the most politically earthshaking prediction about inequality and the economy in recent memory …  -> Washington Post

news_220_gis

Black clouds hang over the ECB

The European Central Bank inaugurated its new 1.3 billion euro high-rise offices in Frankfurt, Germany, on March 18, 2015, in a small opening ceremony, but thousands of left-wing demonstrators from Germany and other European countries clashed with police to protest at the ECB’s role in austerity measures in Europe, writes Prince Michael of Liechtenstein. … Continue reading -> GIS

news_220_gis

7. Vernon Smith Prize verliehen

Der nachfolgend zum Download angebotene Pressebeitrag über die Preisverleihung in Vaduz, Liechtenstein, erschien am 28. Februar 2015 in “Wirtschaft Regional”, Seite 19. -> PDF herunterladen (618 kb)