Kurt R. Leube

   Defining of the public interest is always very, very difficult.   Sir Keir Starmer, currently Prime Minister of the UK and leader of the UK Labor Party   Take Away The ubiquitous concept of the Public Interest, if it can be defined at all, serves as the fundamental criterion for establishing the legitimation of […]

    The theory of economic equilibrium is Walras’ claim to immortality, that great theory whose crystal-clear train of thought has illuminated the structure of purely economic relationships with the light of one fundamental principle. Joseph A. Schumpeter It is only the passionate pro-socialist zeal of mathematical pseudo-economists that transforms a purely analytical tool of […]

  A very short appreciation of Immanuel Kant (1724-1804) and his opus magnum   No one has a right to compel me to be happy in the peculiar way in which he may think of the well-being of other men; but everyone is entitled to seek his own happiness in the way that seems to […]

  Rather unusually, the Nobel Prize in Economic Sciences was awarded yesterday in equal parts to three professors living in the USA: Daron Acemoglu (MIT), his colleague Simon Johnson (MIT) and James A. Robinson from the University of Chicago. This honorable and prestigious award was given to them for their research into the institutions that […]

  Nobody can be a great economist who is only an economist – and I am even tempted to add that the economist who is only an economist is likely to become a nuisance if not a positive danger. F.A. von Hayek   TAKE AWAY Nobel Laureate Friedrich A. von Hayek was arguably the most seminal […]