Ukraine: Light at the End of the Tunnel

Anthony de Jasay Prize Winner

Not only in celebration of Anthony de Jasay’s 90th birthday, but foremost in appreciation of his seminal and exceptional works on defending individual liberty by challenging the legitimacy of states and unchecked ‘democratic’ governments, the ECAEF has established the “ECAEF Prize for Thinkers for the 3rd Millennium”. …

Continue Reading ->  de Jasay

After Paris, Europe needs to face reality in the Middle East

After Paris, Europe needs to face reality in the Middle East

The world has witnessed several ghastly terrorist attacks in the past month. All are believed to have been carried out by a militant Islamist movement that calls itself Islamic State, or by its affiliates, writes Prince Michael of Liechtenstein. On October 10, two suicide bombers killed 102 peace demonstrators and injured more than 400 in front of the central railway station in Ankara, the Turkish capital. On October 31, a Russian airliner …   Continue Reading ->  GIS

Lieber gleich statt frei?

Lieber gleich statt frei?

von Prinz Michael von Liechtenstein

Der nachfolgende zum Download bereitgestellte Beitrag erschien am 24. Oktober 2015 in der Schweizer Zeitung “Finanz und Wirtschaft” (Seite 3). Prinz Michael von Liechtenstein: “Lieber gleich statt frei?” Spätestens seit die Diskussion über die Abschaffung des Bargelds entbrannt ist, wird offensichtlich: Der Weg weist in die Planwirtschaft. Die Geldpolitik ist dabei ein wichtiges Instrument … Weiterlesen -> Finanz und Wirtschaft

Lieber gleich statt frei?

Konferenz: Circular Design

13./14. 11. 2015, FH Salzburg

Zunehmende ökologische und soziale Hürden verlangen heute nach einer ihrer Verantwortung bewussten Gesellschaft, nach zeitgemäßen Produkten und Dienstleistungen sowie Wertschöpfungssystemen, wie sie z. B. mit dem Designkonzept Cradle to Cradle entwickelt werden. Die europäische Kommission ist dabei, die Wirtschaft in eine neue Kreislaufwirtschaft (Circular Economy) umzubauen. Viele Menschen setzen sich zunehmend und notwendigerweise mit der Gestaltung dieser neuen Kreislaufwirtschaft auseinander … Weiterlesen -> Circular Design (Konferenz)

Vernon Smith Prize 2015

8th International Vernon Smith Prize: CALL FOR PAPERS!

for the Advancement of Austrian Economics, sponsored and organized by ECAEF – European Center of Austrian Economics Foundation, Vaduz (Principality of Liechtenstein).  Topic of the 2015 Essay Competition: “Edward J. Snowden: Hero or Villain?”

|- First Prize       EUR 4,000 -|
|- Second Prize EUR 3,000 -|
|- Third Prize     EUR 2,000 -|

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

Vernon Smith Prize 2015

Migrations of the Third Millennium: an Opportunity for Europe

by Prince Michael of Liechtenstein

Europe is watching with bewilderment the inflow of refugees and immigrants through its borders, and the human tragedies that inevitably accompany such treks. Just as bewildering is why Europe has been so unprepared. This migration was predictable. It has long been obvious that millions of people would soon be pouring in.
This mass south-to-north migration is epochal, more important than Europe’s debt crisis or the smouldering conflict in Ukraine. It has powerful underlying causes and the dangers and opportunities it brings are many … Continue reading -> GIS

The Dirty Truth About Organic

The Ugly Truth about “Organic”

by Henry I. Miller

Passionate advocates of organic farming and foods resemble members of a religious cult, one founded on a “back to Nature” mentality. They are not so fundamentalist, however, that they do not make concessions to reality. For example, organic standards arbitrarily define which pesticides are acceptable, but allow “deviations” if based on “need.”  … Continue Reading ->  Hoover Institution 

Gottfried von Haberler Conference 2016

XII. Gottfried von Haberler Conference 2016

Topic and date of the XII. Gottfried von Haberler Conference have been announced:  The topic will be “Central Banks, Fiscal Policy and the Betrayed Citizen” – German translation: “Zentralbanken, Schuldenpolitik und der geprellte Bürger”. It will take place on May 20, 2016 in Vaduz (Liechenstein).  One the Conference Schedule is set it will be published right here at … Continue Reading -> GvH 2016

An Economist looks at Europe

by Pedro Schwartz

Few economists in history have attracted such a large following as John Maynard Keynes. Not only did he fascinate two generations in the 20th century, he still is an inspiration for today’s large and distinguished ‘New-Keynesian’ school—or should I say, ‘schools’. The conundrum is why so many swear by his name though so little has been kept of the original model of his General Theory of Employment, Interest, and Money (1936), except his insistence that aggregate demand is the main mover of the economy and that the price system does not function well. … Continue Reading ->  Kenyes as Lucifer (PDF,  0.4 MB)

Die Mär von der Armut

von Kristian Niemietz

Mit tendenziösen Armuts-definitionen wird eine Politik der Gleichmacherei und der Umverteilung propagiert. Es ist selbstverständlich, Menschen in materieller Not helfen zu wollen. Dieses Bedürfnis enspringt unserer natürlichen Empathie gegenüber den Mitmenschen. Wir versetzen uns in ihre Schuhe und leiden daher mit ihnen. Niemand sieht Armut gerne tatenlos zu. In Wohlstandsgesellschaften wie der Schweiz verstösst sie sogar gegen das moralische Rechtsempfinden: Es darf nicht sein, dass Menschen in unserem Land unter einem gewissen Wohlfahrtsniveau leben müssen … Weiterlesen -> Die Mär von der Armut (Liberales Institut)

Ukraine: Light at the End of the Tunnel

Ukraine: Light at the End of the Tunnel

Ukraine has a history of 70 years of communism followed by more than 20 years of mismanagement. The odds seem stacked against the country, yet there are signs of hope, writes Prince Michael of Liechtenstein. Ukrainian society and its economy suffer from too much bureaucracy, too many laws and an extravagant number of civil servants. Together, they breed rampant corruption, which hampers the economy and is the country’s biggest problem. …

Continue Reading ->  GIS

Downsize States to Empower Local Decision Making?

Privacy in context of new communication systems

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). The conference will take place November 8, 2016 …  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


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


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


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