Category Archives: Austrian Economics

Austrian Economics

Free Market Environmentalism

A video clip summarizing Terry L. Anderson’s* new book with the same title

Most environmental problems result from the tragedy of the commons. The typical response to environmental issues is to turn to government regulation. In contrast, free market environmentalism embraces the lessons of markets by defining and enforcing property rights to prevent over-consumption or other negative outcomes. Through free market environmentalism, the government and markets can work together to create effective solutions for sustainability …

Terry L. Anderson
on Free Market Environmentalism

For more information, visit here ->

*Terry L. Anderson is a Senior Fellow at Stanford University’s Hoover Institution and a Fellow of the Liechtenstein Academy (LI). We gratefully appreciate his permission to post it here.

Kapitalismus, die große Verbesserung

Henrique Schneider: Kapitalismus, die große Verbesserung. Bildquelle: Shutterstock
Henrique Schneider: Kapitalismus, die große Verbesserung.  Bildquelle: Shutterstock

von Henrique Schneider*

Der Kapitalismus ist umstritten. Nicht nur Linke lehnen ihn ab. Auch unter Liberalen stößt der Begriff nicht auf uneingeschränkte Zustimmung. Dabei ist seine Bilanz gar nicht so schlecht.

Joseph Schumpeter würdigte in seinem im Jahr 1942 erschienenen Buch “Kapitalismus, Sozialismus und Demokratie” zwar die Leistungen des Kapitalismus. Doch er sah inhärente Selbstzerstörungskräfte am Werk: Großunternehmen, schöpferische Zerstörung und die Kumpanei mit der Politik würden in den Sozialismus führen. Sein Verdikt mutet fast schon fatalistisch an: Der Sozialismus ist das “natürliche Erbe” des Kapitalismus …

Lesen die den gesamten Beitrag hier ->
“eigentümlich frei” – 4. Januar 2019

*Henrique Schneider ist Volkswirt, Ressortleiter im Schweizerischen Gewerbeverband und in der Erwachsenenbildung tätig.

Alvin Rabushka: Economic Freedom

ECAEF Alvin Rabushka: Economic Freedom
ECAEF Alvin Rabushka: Economic Freedom

In his blog “Thoughtful Ideas” (Commentary on Current Political, Economic, and Social Developments in the United States and Around the World) author Alvin Rabushka recently published his thoughts on Economic Freedom …

Alvin Rabushka*

Economic Freedom, Part 1

In October 1986, with support from the Liberty Fund in Indianapolis, Indiana, the Fraser Institute convened the first of four conferences in Napa Valley, California. The Fraser Institute published the proceedings in 1988, Economic Freedom, Democracy and Welfare. Edited by Michael A. Walker, Director of The Fraser Institute, and co-chaired with Milton and Rose Friedman, the conference was organized as a counterpart to do for economic freedom what Freedom House did for political freedom: to calculate the amount of economic freedom that exists in various nations of the world.

Its origins can be traced to a conversation in 1994 at the Mont Pelerin Meeting in Cambridge, England, between Michael Walker and Milton Friedman, whose book Capitalism and Freedom had been extant since 1962. However, there had been no serious attempt to explore the relationship between economic and political freedom in a scholarly way. That conversation led to the idea of broadening the analysis to also include civil freedoms, which can often be more important than political freedoms …

Read the all three parts of Alvin Rabushka’s blog on Economic Freedom ->

Blog “Thoughtful Ideas”: Economic Freedom, part 1
Economic Freedom, part 2
Economic Freedom, part 3

*Alvin Rabushka is an American political scientist. He is a David and Joan Traitel Senior Fellow at the Hoover Institution at Stanford University, and member of the Mont Pelerin Society. He is best known for his work on taxation and transition economies. Together with Robert Hall, he wrote a detailed Flat Tax plan known as the Hall–Rabushka flat tax.

Steve Hanke ECAEF Gottfried von Haberler Professor

Gary Stanley BeckerThe Board of the ‘European Center of Austrian Economics Foundation’ is pleased to announce the appointment of Prof. Dr. Steve H. Hanke* as the “ECAEF Gottfried von Haberler Professor”. Steve Hanke indicated that he is honored by the fact that the professorship is named after the late Gottfried von Haberler, one of his mentors and a leading scholar in the academic tradition of the Austrian School of Economics. Hanke believes that the European Center of Austrian Economics (ECAEF) and the Liechtenstein Academy Foundation (LAF) are among the most suitable institutions to disseminate the ideas of the Austrian School to both specialists and the general public.

*Steve H. Hanke  (/ˈhæŋki/) is an American applied economist at the Johns Hopkins University in Baltimore, Maryland. He is also a Senior Fellow and Director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, and Co-Director of the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore.

Timothy Garton Ash: Is a Spectre still haunting Central Europe? – Interview und Vortrag

Karl-Peter Schwarz im Interview mit dem Britischen Historiker Timothy Garton Ash. Aufgenommen im Zuge der 14. Gottfried-von-Haberler Konferenz 2018 in Vaduz (FL)*

Englische Zusammenfassung seines Vortrags “Is a Spectre still haunting Central Europe?”

In central Europe we are witnessing a dramatic reaction against nearly 30 years of transformation, liberalisation, Europeanisation and globalisation. Populist parties in Hungary and Poland appeal to traditional notions of national community and sovereignty, yet also have economic policies more usually seen on the left. Some of their electorate comes from the left. They also claim to speak for democracy against liberalism.

What went wrong? How far does what is happening in central European politics now (including the Alternative für Deutschland) reflect unresolved traumas of four decades of Soviet communist rule? How far of an insufficiently addressed past, and how far of the cost of transformation? Was there any better way to dismantle the Marxist-Leninist legacy? Has the impact of the European Union amounted to ‘undemocratic liberalism’, as some critics suggest?

Drawing on four decades of writing about central Europe, Timothy Garton Ash will reflect on these and other questions.

*Timothy Garton Ash held his talk at the 14th International Gottfried von Haberler Conference which took place on May 25, 2018 in Vaduz, at University of Liechtenstein. Topic: “Karl Marx: Born 1818 and Still Going Strong?” – German: “Karl Marx: Mythos und Realität”. The event was organized and hosted by ECAEF – European Center of Austrian Economics Foundation.”