Only by shrinking the state’s share of the economy and cutting the cost of administration can a collapse be avoided!

16.10.2025

Our Mission is to spread the word about Austrian School of Economics and the works of it’s founders. See for yourself how implementing those principles can change your organisation for better.

A pragmatic approach to politics, grounded in data and cloaked in the semblance of scientific rigour, commands the devaluation of institutions whose existence can scarcely be justified by scientific means.

12.10.2025

Because they have been demonized in Europe, mining and some energy projects have been squeezed out of financing, putting the Old Continent at a major disadvantage.

09.10.2025

Governments and other public sector entities have borrowed up to the limit of their debt capacity, and, in the EU, its supranational entities have run up debts themselves.

07.10.2025

Schönfeld-Illy (1888-1952) studied under Eugen von Böhm-Bawerk and Friedrich von Wieser at the University of Vienna. He belonged to that small but important group of Austrians that F.A. von Hayek (1899-1992) called the ‘Zwischengeneration’, between the 3rd and 4th generation of the Austrian School.

06.10.2025

Asset price inflation is driven by low interest rates and reckless borrowing. Stock valuations often outpace earnings, creating inflated market confidence. Asset bubbles benefit the wealthy, widening socioeconomic divides.

03.10.2025

We are pleased to announce a new collaboration between the Institute for Research in Economic and Fiscal Issues (IREF) and the European Center for Austrian Economics Foundation (ECAEF), focused on publishing a series of articles on economic and fiscal topics. It emphasizes our commitment to independent thought, academic freedom, and critical inquiry.

01.10.2025