Harmonizing Chaos: The Role of Rule of Law in Fostering Spontaneous Order Vibhu Vikramaditya   ABSTRACT The Law and Economics Revolution in the latter half of the 20th Century, part of a broader pushback against the failures of general equilibrium economics and the planned economies based on it, has crucially underscored the importance of […]

Where does Friedrich Hayek fit in contract theory? Babatunde Valentine Onabajo   ABSTRACT This paper examines the views of the 20th century Austrian economist and political scientist Friedrich Hayek within the context of contract theory. Contract theory is the branch of economics that studies contracts, particularly their design and application. Contract theory falls within the […]

Rule of law: The universal unwritten constitution Martin van Staden ABSTRACT Constitutionalism – one of classical liberalism’s significant legacies in jurisprudence – is the idea that the state must be subject to law; in particular, that state power must be subject to legal limitation. Every written constitutional instrument in the world differs on the scope […]

  On Friday at night I mount the skis on my car and then I go To the Stubaital or Zell am See Because there on the mountains above there’s always plenty of snow… Because I want to go skiing! Because skiing is the most fun of all (= “leiwandste”)! Wolfgang Ambros, Schifoan   “Schifoan”(= […]

  Key Take Aways:  Lyn’s new book, “Broken Money”, explores the past, present, and future of money through a technological Emphasizing the impact of inventions like the telegraph on monetary history, the book delves into the evolving nature of currency, from credit theories to contemporary innovations like Bitcoin, stable coins, and the potential for global […]

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