Austrian Economics

8th International Vernon Smith Prize  Vaduz (FL), February 29, 2016. Essays of the winners of the 8th International Vernon Smith Prize 2015 have now been posted, since all three authors have defended their papers at a special festive event on February 15, 2016 in Vaduz, the Principality of Liechtenstein. 1st Prize: Daniel W. Issing (Germany); Essay: The Snowden […]

Semantic Traps: Politics with Loaded Terms A Seminar for Scholars, Journalists and Entrepreneurs “One must always repeat the truth, because even the error around us is preached again and again. And not from individuals but from the crowd.”   J.W. von Goethe      When political speech writers pen speeches for presidents, prime ministers, and other […]

8th International Vernon Smith Prize  Vaduz (FL), January 24, 2016. After much reading, long discussions and at times quite difficult deliberations, the international jury of the VSP finally came to a conclusion and is delighted to announce the winners: The 1. Prize goes to Daniel W. Issing (Germany), the 2. Prize to Demelza Hays (USA), […]

A book review    “The State in the Third Millennium” is a remarkable work. Elegantly written by a historian who is simultaneously a head of state, politician, successful international businessman, world famous art collector, and leading philanthropist, it will doubtless provoke some frank debates. After much research and historical study of the concepts, purposes, and […]

     With the untimely death of Juan Carlos Cachanosky (13. 10. 1953 – 31. 12. 2015) we have not only lost a very dear and reliable friend. We have also lost a brilliantly insightful and resolute free-market scholar who managed to get so many things right and who could explain real world economic behavior […]