Essays & News

  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 […]

Welcome to this groundbreaking series of Articles, where you will learn about 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 a hundred and fifty years. They were right.  Article 1/27 Vienna. Spring, 1866. A young journalist sits […]

  Much is being said about whether artificial intelligence will destroy jobs. It will – but that conclusion ignores some important nuances. We are entering a broader transformation of work, driven not only by technology but also by structural inefficiencies that have developed over decades. What lies ahead is not simply job destruction, but a necessary […]

  And why does it feel like common sense the moment you see it? The economists who run central banks have been wrong about almost everything for the past fifty years. The inflation they said wouldn’t happen — happened. The recessions they said they’d prevent — happened. The stimulus that was supposed to kickstart growth […]