Kurt R. Leube

  People respond to incentives, not to mandates or regulations. Gary S. Becker   Take Away While Paul A. Samuelson (Nobel Prize 1970), Milton Friedman (Nobel Prize 1976), or George Stigler (Nobel Prize 1982) probably exercised a greater sway on practical economic policy, Gary Becker expanded the scope of economics as a science like no […]

  All the new criticisms of capitalism are old ones repackaged as stunning new insights. Robert Hessen Take Away Robert (Bob) Hessen gehörte neben Leonard P. Liggio, Murray M. Rothbard oder Isreal M. Kirzner zur 5. Generation der Austrian School of Economics, die im Wesentlichen in den USA wirkt und wirkte. Nach seinem Ph.D. in […]

  All the new criticisms of capitalism are old ones repackaged as stunning new insights. Robert Hessen   Take Away Alongside Leonard P. Liggio, Murray M. Rothbard and Isreal M. Kirzner, Robert (Bob) Hessen belonged to the 5th generation of the Austrian School of Economics, which was mainly active in the USA. After receiving his […]

  The illusion that we understand the past fosters overconfidence in our ability to predict the future.   Daniel Kahneman Daniel Kahneman was best known for his work on hedonistic psychology, the psychology of economic decision-making and also for debunking the notion of homo economicus or the economic man. Together with Vernon L. Smith (a […]

  Democracy has not proved to be a certain protection against tyranny and oppression, as once it was hoped. Nevertheless, as a convention which enables any majority to rid itself of a government it does not like, democracy is an inestimable value.   Friedrich A. von Hayek (1899-1992)   TAKE AWAY Nach F.A. von Hayek […]