ECAEF

“No religion spread as fast as the belief in full employment, and in this roundabout way, allowed governments that had exhausted their tax and borrowing resources to resort to the phony delights of monetary inflation.” Jacques Rueff (1896-1973), 7th Minister of State of Monaco Irresponsible socio-economic and fiscal policy measures with alarming demographic problems and depleted […]

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), […]

An Economist Looks at Europe by Pedro Schwartz (Jan 4, 2016) Quite some years ago, when I was a very liberal young man writing a doctoral dissertation on John Stuart Mill, I asked my supervisor Lionel Robbins what he thought of the restrictions newly introduced on immigration by the then Conservative government. Robbins answered with […]

In a referendum last week on their country’s constitution, the people of Rwanda overwhelmingly approved an amendment that changed presidential term limits. The new rules mean that 58-year-old President Paul Kagame can run again for the presidency in 2017, and could theoretically serve until 2034, writes Prince Michael of Liechtenstein in his latest GIS publication. […]