GIS World Report 2014 – by Prince Michael of Liechtenstein | This resume is based on reports from our worldwide experts and our own research, looking at today’s main issues and concentrates on key global events which are likely to be of further interest. Topics are covered regionally and by subject headings which include economics, defence and security and politics. The Geopolitical Information Service (GIS) is a network that provides expertise and insights on geopolitical trends for international corporations, governments and their agencies and other institutions.
The 7th International Vernon Smith Prize for the Advancement of Austrian Economics is sponsored and organized by ECAEF – European Center of Austrian Economics Foundation, Vaduz (Principality of Liechtenstein). This years topic of the Essay Competion:
“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 -|
“Trusting Politicians with Our Money is like Leaving a Cat in Charge of a Cream Jug”. The ever present political desire for more and cheaper money is a fact which monetary authorities have never been able to resist. Not only contradicts history the naïve belief that governments have given us a safer money than we would have had without their claiming a monopoly to issuing it. This exclusive right has also its origin apparently not in any benefit it secures for citizens but simply in the aspiration to enhance the coercive powers of governments. Moreover, it is doubtful whether it has ever done anybody any good except to the rulers and their favorites.
ECAEF invites papers on this topic which meet the following requirements:
1: Entries may be submitted by individuals of up to 30 years (in 2014!).
2: Entries may not exceed 12 pages; 1.5 spacing; left/right margins no less then 1 inch; full bibliography and a 1/2 page summary (abstract) must be included.
3: Entries must be submitted in English in electronic form (PDF) to firstname.lastname@example.org and must include an abbreviated CV, featuring DoB, education, and current position
4: Entries must be received on or before November 9, 2014.
5. It is mandatory that all prize winners participate in the award ceremony in Vaduz Prizes are not transferable and will be awarded on the basis of originality, grasp of subject, and the logical consistence of the argument.
Essays will be judged by an international jury and the winners will be invited to present their papers at a special event in Vaduz, Principality of Liechtenstein, on February 2, 2015. First Prize €4,000 – Second Prize €3,000 – Third Prize €2,000.
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In a new book “Environmental Markets” Terry L. Anderson and Gary D. Libecap explain the prospects of using markets to improve environmental quality and resource conservation. No other book focuses on a property rights approach using environmental markets to solve environmental problems. Anderson and Libecap apply this approach to land, water, wildlife, fisheries, and air. The book has been published in May 2014. It concludes by discussing tougher environmental problems such as ocean fisheries and the global atmosphere. The authors compare a market-based property rights approach with standard approaches to these problems using governmental management, regulation, taxation, and subsidization, emphasizing that neither governmental nor market solutions are a panacea. Environmental Markets is the inaugural book in Cambridge Studies in Economics, Choice, and Society, a new interdisciplinary series of theoretical and empirical research focusing on individual choice, institutions, and social outcomes, edited by Peter J. Boettke and Timur Kuran.
If you are interested in receiving examination copies, please contact Ellena Moriarty at email@example.com. The book is also available for purchase at Amazon.com
Praise for “Environmental Markets”:
“Two of the world’s leading scholars on property rights and the environment … offer a rich review of the myriad creative ways in which market forces can be harnessed to improve environmental quality. The book’s fresh perspective on the question of how best to solve problems ranging from climate change to overfishing reminds economists and their students to look before they leap, with regulation as a solution.”
–Sheila M. Olmstead, The University of Texas at Austin
“The world is bedevilled by problems caused by lack of private property rights. Terry Anderson and Gary Libecap document just how many environmental problems could be solved by granting stronger property rights to tackle ‘tragedies of the commons,’ in which open access results in a destructive free-for-all.”
–Matt Ridley, author of The Rational Optimist