Essays & News

  by Tom Bugdalle and Moritz Pfeifer, Institute for Economic Policy, Department of Economics, University of Leipzig We revisit the euro’s promise of convergence through a new Divergence Monitor tracking business and financial cycle synchronization since the 1980s. Business cycles became more aligned after 1999, but financial cycles stayed volatile and split into persistent core–periphery […]

The following series of articles presents the Austrian School of economics, 1000 words at a time. Nine economists. Twenty-seven articles. One coherent tradition that the establishment has been trying to ignore for 150 years. They were right. Article 2/27 Vienna. 1884. Carl Menger opens the review and reads it slowly. Gustav von Schmoller — the […]

  One of the most contested issues in public discourse concerns the proper scope of state intervention in citizens’ education. Different schools of thought offer divergent perspectives. Some regard the provision of public education, including at advanced levels, as a core function of the state, justifying this position on the grounds of its contribution to […]

  Hungary’s April 12 election, which delivered a landslide victory for the opposition Tisza party, reflects deep economic dissatisfaction. Tisza’s leader, Peter Magyar, proved an effective campaigner. Yet ideologically, the divide is less stark than often portrayed – both major camps are rooted in Christian-conservative traditions. The transition going smoothly: Prime Minister Viktor Orban congratulated his successor. The […]

  How do you get from a distorted economy to a free market without the transition destroying the reform itself? The recent public clash between President Javier Milei and businessmen such as Paolo Rocca over a pipeline contract exposes a deeper question that every market-oriented government must eventually confront: How do you actually get from […]