Essays & News

  The long run is a misleading guide to current affairs. ‘In the long run we are all dead,’ wrote John Maynard Keynes in 1923. The statement seems well-suited to the environmental policies pursued by the European Union. At the heart of the European Green Deal there is the goal of climate neutrality to be […]

A “historical” agreement that reveals economic desperation The United States’ intervention to support Argentina’s peso has been described as “historical”—and it is. But this historical nature tells us as much about the strength of the bilateral relationship as it does about the depth of Argentina’s crisis. Argentina has effectively moved its lender-of-last-resort function even further […]

Index numbers and choice: Haberler’s unseen bridge between Austrian Economics and Logical Empiricism Executive Summary This paper examines Gottfried Haberler’s early theoretical work on index numbers as a unique point of convergence between the Austrian School of Economics and the tradition of Logical Empiricism. While these schools are often seen as methodologically opposed – the […]

  The world has never been a peaceful place, and it never will be. Unfortunately, war and conflict appear unavoidable. Fighting is part of human nature, even though mankind longs for peace. The solution to this conundrum was already known to the ancient Romans: If you want peace, you must prepare for war. Diplomacy cannot […]

A short note on the troubling decline of the US Republican Party’s social and economic positions.   They give me only bad publicity [and] press. I mean, they’re getting a license. I would think maybe their license should be taken away. Donald J. Trump I Although the Democratic Party (Democrats) was founded almost a full […]