Essays & News

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 […]

It is 2023, and lest we forget one of the most seminal minds of our times, we should briefly recall the important life and work of James McGill Buchanan who died 10 years ago on January 9, 2013. Buchanan belonged to that long past generation of American social scientists whose extensive work arose from the […]

In crisis, democratic citizens must not exchange their freedom for safety falsely promised by power-hogging governments.  Most of what we hear regarding the coming year is about risks. Risk and pessimism have been the focal points of public discussion. Many in Europe fear their children will not enjoy as good a life as they have […]