ECAEF

The Living Tree and the Erosion of the Rule of Law Johann-Jakob Chervet Second Prize in Vernon Smith Prize Contest 2022.  Abstract This essay explores the danger of the corruption of language to the Rule of Law. As Justice Gorsuch wrote “words are how the law constrains power”. Therefore, the corruption of our language inevitably […]

When the “social” becomes an end in itself… individual agency and freedom will disappear: How are intellectuals shaping this ideal? Lisa Helga Kinspergher First Prize in Vernon Smith Prize Contest 2022. Abstract Language manipulation is a practice aimed at distorting the actual meaning of words and providing them hidden and subtle connotations. Today this strategy […]

Taking Money out of Politics: A case for Private Money? Globally, governments have maintained the sole right of money creation and issuance of tender. Over time, to further their own self-interests, central banks and the ruling elites in governments have developed creative methods to slash their citizens’ wealth by inflating and devaluing these currencies. The […]

The winners of the Vernon Smith Prize 2022 are: 1: Lisa H. Kinspherger (IT) 2: Johann-Jakob Chervet (CH) 3: Krysztof L. Lesniewski (PL) and Jonas Trappe (DE) The International Vernon Smith Prize 2022 was an essay competition for the advancement of Austrian Economics – sponsored and organized by ECAEF – the EUROPEAN CENTER OF AUSTRIAN […]

Das ECAEF-Team wünscht allen Freunden und Sponsoren Frohe Weihnachten und einen Guten Rutsch ins neue Jahr. Für 2023 bitte vormerken: Vernon-Smith-Prize Preisverleihung am 7. Februar in Vaduz, und 17. Gottfried von Haberler-Konferenz am 12. Mai – ebenfalls in Vaduz.