European Center of Austrian Economics Foundation


16. International Vernon Smith Prize

The Rule of Law. It’s Meaning and Purpose

Despite outwardly positive indicators, China’s economy faces some troubling dynamics, from centralized decision-making to the overextended Belt and Road Initiative.


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.

The crypto-backed biometric identity network promises to upend finance, governance and democracy itself. Is Worldcoin a magic bullet, tool for despotism or pipe dream?


Hounded by significant policy problems, the U.S. leader is making nice with struggling China in hopes of boosting his chances in 2024.


The inflation of recent decades has affected certain categories of assets more than others. Rocketing real estate prices have drastically increased the economic gap between those who own property and those who do not.


The risk of hyperinflation in Argentina is not due to Javier Milei’s advocacy for dollarization. Instead, it results from years of unsound monetary policies.


Today’s irresponsible economic policies are repeating historical mistakes, risking catastrophic consequences similar to those experienced in the past.


Mere victory isn’t enough. This time, the triumph must be so thorough and conclusive that there will never be any other war for this country.


A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against “real goods”, no matter whether he needs them or not, no matter how much money he has to pay for them.

Ludwig von Mises


Free societies can thrive by rediscovering and acting on their strengths. Values, including those of personal responsibility, must be at the core of a revival.


Our Partners

Liechtenstein Academy | private, educational foundation (FL)
Altas Network | economic research foundation (USA)
Austrian Economics Center | Promoting a free, responsible and prosperous society (Austria)
Berlin Manhatten Institute | non-profit Think Tank (Germany) | Buecher fuer den Liberalismus (Germany)
Cato Institute | policy research foundation (USA)
Center for the New Europe | research foundation (Belgium)
Forum Ordnungspolitik
Friedrich Naumann Stiftung
George Mason University
Heartland Institute
Hayek Institut
Hoover Institution
Istituto Bruno Leoni
Institut Václava Klause
Instytut Misesa
IREF | Institute of Economical and Fiscal Research
Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise | an interdivisional Institute between the Krieger School of Arts and Sciences, and the Whiting School of Engineering
Liberales Institut
Liberty Fund
Ludwig von Mises Institute
New York University | Dept. of Economics (USA)
Stockholm Network
Students for Liberty
Swiss Mises Institute
Universidad Francisco Marroquin