Essays & News

  Inflation does not befall us like a curse, nor does it descend on us as tragic fate. It is always the result of reckless, and sometimes criminal, policy. These words were spoken by Ludwig Erhard, the visionary German minister of economics who laid the foundations for West Germany’s Wirtschaftswunder (“economic miracle”) in the 1950s and 1960s. Today, […]

  Ninety years ago, in 1936, Gottfried von Haberler left Austria permanently at the age of 36 to join the Economics Department at Harvard University. Holding the Galen L.bStone chair in international trade, he spent the next 35 years at Harvard until he retired in 1971. Many of his groundbreaking works, expanded in the 1933 […]

You can find the English version below. Am 2. Juli 2026 wäre Gerard Radnitzky 105 Jahre alt geworden. Würde er noch leben, dann wäre er über die endemische Selbstzersetzung der Demokratie in Politik und Gesellschaft entsetzt – entsetzt, aber nicht erstaunt. Denn er hat jene endemische Selbstzersetzung stets für einen systemimmanenten Mangel demokratischer Staaten gehalten. […]

Discover the remarkable history of the Austrian School of Economics—from its origins in 19th-century Vienna to its global influence today. These short documentaries introduce the thinkers, ideas, and historical events that shaped one of the world’s most enduring traditions of economic thought. Interwoven throughout the series, a special interview with H.S.H. Prince Michael of Liechtenstein […]

  “In some things, we Americans leave to other countries the carrying out of the principle that stands at the head of our Declaration of Independence”. Herman Melville (1819-1891) Stretched along the Atlantic coast, from New Hampshire in the north to Georgia some 1,000 miles to the south, the 13 British colonies in North America […]