Essays & News

Europe’s economic engine is sputtering, and real growth rates are shrinking. With a few exceptions, this is the case all over the old continent. Europe has all the ingredients of success: a well-educated population, great scientific institutions and universities and a wide range of successful companies, especially owner-managed family businesses and hidden champions. Despite that, […]

The Fable of the Bees: Private Vices, Publick Benefits. Ein paar Bemerkungen zum 290. Todesjahr von Bernard de Mandeville.   The worst of all the multitude did something for the common good. Bernard de Mandeville (1670-1733)  I Über Persönlichkeit und Charakter Bernard de Mandeville’s ist trotz seiner Berühmheit relativ wenig bekannt. Es git jedoch weitgehend als […]

We are living in a time of immense geopolitical shifts. This is not surprising, as change is a normal occurrence. However, there are periods when changes take place more rapidly and on a larger scale. Shifts in geopolitics can be driven by a variety of factors, including technological, demographic, and environmental developments, as well as […]

Taking Money out of Politics: A case for Private Money? Globally, governments have maintained the sole right of money creation and issuance of tender. Over time, to further their own self-interests, central banks and the ruling elites in governments have developed creative methods to slash their citizens’ wealth by inflating and devaluing these currencies. The […]

The winners of the Vernon Smith Prize 2022 are: 1: Lisa H. Kinspherger (IT) 2: Johann-Jakob Chervet (CH) 3: Krysztof L. Lesniewski (PL) and Jonas Trappe (DE) The International Vernon Smith Prize 2022 was an essay competition for the advancement of Austrian Economics – sponsored and organized by ECAEF – the EUROPEAN CENTER OF AUSTRIAN […]