Staatsschulden im 21. Jahrhundert

Communism’s Comeback?

by Vaclav Klaus | In the countries of Central and Eastern Europe, we are currently remembering the 25th anniversary of the fall of Communism, one of the most irrational, oppressive, cruel and inefficient political systems in history … Continue Reading: ECAEF News


Alvin Rabushka presents Flat Tax

If you like to be updated on the Flat Tax, watch Alvin Rabushka’s speech at the Institute of Economic Affairs in London, held on November 19, 2014. It’s a 45 minute presentation on why the Flat Tax is good for Britain. Click here ot watch the video: ECAEF News

Vernon Smith Prize

7th Vernon Smith Prize

The winners of the 7th International Vernon Smith Prize for the Advancement of Austrian Economics will be announced on February 5, 2015 here at, and invited to present their papers at a special event in Vaduz (Principality of Liechtenstein) on February 23, 2015.
Continue Reading: VSP 7


Das Sterben der Fiat-Währungen

Stehen wir vor Hyperinflationen? Zum Thema “Fiat-Währungen” erreichte uns  eine neue, sehr alarmierende Graphik von Dr. Werner von Tabarelli. Er ist Geld- und Währungsexperte sowie Stiftungsrat der European Center of Austrian Economics Foundation. Klicken Sie auf das Bild. Hyperinflation

Staatsschulden im 21. Jahrhundert

Schulden im 21. Jahrhundert

Daniel Stelter, Gründer des Forums Beyond the Obvious und davor Senior Partner und Managing Director bei The Boston Consulting Group (BCG), widerlegt mit seinem neuen Buch “Die Schulden im 21. Jahrhundert” Thomas Piketty. Stelter zeigt eindrucksvoll, dass Piketty die Bedeutung der Schulden unterschätzt.
Weiterlesen: Buchempfehlung


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, organized and hosted by ECAEF (European Center of Austrian Economics Foundation, FL) in co-operation with CEPROM (Center of Economic Research for Monaco, MC). Mark you Calendar: Monaco, Nov. 6, 2015. Read more: ECAEF News

Abolishing Cash a Danger for Society’s Freedom

Kenneth Rogoff is one of today’s most influential and brilliant economists. He is a professor at Harvard University and was, for some years previously, Chief Economist of the International Monetary Fund (IMF). His opinions are hugely influential and, in his opinion, negative interest rates are necessary to stimulate the economy further in today’s crisis, writes Prince Michael of Liechtenstein. Various GIS reports have mentioned that monetary measures can support the economy but cannot be the sole driver. The success of these measures is more than doubtful.
Continue reading -> GIS

Pope Francis’ Lesson for Europe

Pope Francis gave a wonderful message of hope to Europe and showed a most profound knowledge of Europe’s challenges when he visited the European Parliament on November 25, 2014, writes Prince Michael of Liechtenstein. The Holy Father, a Jesuit from South America, gave guidance to Europe, which is not strange considering our common Christian heritage. The Pope praised the wisdom of the European Union’s founding fathers in launching a huge peace project. But he emphasised rightly, that unity does not mean uniformity and that the increasing harmonisation within the EU is detrimental to the great European idea and tradition.  Read more: GIS


XI. Gottfried von Haberler Conference

The XI. Gottfried von Haberler-Conference, organized by ECAEF (The European Center of Austrian Economics), Vaduz, Principality of Liechtenstein, will take place on Friday, May 29, 2015. Topic: “Seid umschlungen Millionen? Der Würgegriff grosser Staaten” (English: “Be embraced, you Millions? Downsize the States, Empower the People!”) Program will be announced here at in due course.


At Last, a Better Way to Economic Measure

This is the press release and additional information about Gross Output, the new macro statistic now being published quarterly by the US Bureau of Economic Analysis. It is the first macro statistic issued by the US since GDP was invented in the 1940s and is the biggest triumph in supply-side economics since Hayek won the Nobel Prize 40 years ago.  Read more: Press Release


Europe’s economic predicament

Europe was shocked this week when forecasts were reduced for what was already only tentative economic growth in the eurozone. The news should actually be good. There is, in theory, a plentiful supply of money at close to no cost to enhance consumption, construction and investment in business …  Continue reading: GIS


7th Vernon Smith Prize 2014

LAST Call for Papers! The 7th International Vernon Smith Prize is calling for essays on the topic: “Trusting Politicians with Our Money is like Leaving a Cat in Charge of a Cream Jug”. First Prize EUR 4,000. Second Prize EUR 3,000. Third Prize EUR 2,000. Deadline: November 23, 2014. Continue reading: VSP 7


The Revival of Nationalism

Pedro Schwartz: This is the year when we commemorate the start of the I. World War, a ghastly conflict in great parts attributable to the fanning of nationalistic feelings by politicians and soldiers playing power games. The human cost of that war should have forever put an end to the cultivation of tribal feelings in Europe. It was not to be … Continue reading:


Europe follows Japan as Abenomics misses target

When Prime Minister Shinzo Abe returned to office in December 2012, the core of his programme consisted of relaunching Japan’s economy which has been stagnating for more than 20 years in a deflationary trap, writes Prince Michael of Liechtenstein. His programme consisted of a number of ‘arrows’ – measures to fix the economy – which were called ‘Abenomics’ … Continue reading: GIS

jean tirole gewinnt nobel preis 2014

Jean Tirole gewinnt Nobel-Preis

 Jean Tirole gewinnt den Nobel-Preis 2014. Damit ist er nach G. Debreu (1983) und M. Allais (1988) der dritte Franzose, dem dieser Preis verliehen wurde. Jean Tirole ist Professor an der Universität Toulouse. Weiterlesen: ECAEF News


Was an Pikettys Thesen dran ist

Von Hanno Lorenz. Nun liegt es auch auf Deutsch vor: “Das Kapital im 21. Jahrhundert” von Thomas Piketty, jenes Buch, das in den USA und von dort nach Europa ausstrahlend für ein ökonomisches Werk ungewöhnlich viel Medienaufmerksamkeit bekam … Weiterlesen: Agenda Austria


7th Vernon Smith Prize 2014

Call for Papers! The 7th International Vernon Smith Prize is calling for essays on the topic: “Trusting Politicians with Our Money is like Leaving a Cat in Charge of a Cream Jug”. First Prize EUR 4,000. Second Prize EUR 3,000. Third Prize EUR 2,000. Continue reading: VSP 7


10. Haberler-Konferenz: Video

The conference took place on June 27, 2014 in Vaduz, Liechtenstein. It was organized and hosted by ECAEF. The support of the University of Liechtenstein and multiple local and international sponsors was gratefully acknowledged. Simultaneous German/English translation have been provided. Watch video here: KONFERENZ

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