Essays & News

The International Vernon Smith Prize is an essay competition for the advancement of Austrian Economics – sponsored and organized by ECAEF – the EUROPEAN CENTER OF AUSTRIAN ECONOMICS FOUNDATION, Vaduz (Principality of Liechtenstein). Topic for the 2022 competition: 1st Prize: €4,000 2nd Prize: €3,000 3rd Prize: €2,000 The wisdom that people lose their freedom as soon […]

For years, the ECB has egregiously violated its own statutes. Today’s high inflation is the predictable result. For the first time in more than 10 years, the European Central Bank has increased its key interest rate, raising it by 0.5 percent. The move follows a long period of decreasing interest rates and pumping money into […]

Sorry, on Inflation We Were Wrong | Over the last two months, top officials of the two most important central banks in the world, the Federal Reserve and the European Central Bank, have publicly admitted that they have made big mistakes in considering the 2021-2022 inflationary surge afflicting the global economy only as a mere “temporary” phenomenon …

Heute veröffentlichen wir einen weiteren Video-Mitschnitt von der 16. Gottfried von Haberler Konferenz an der Universität Liechtenstein. Thema: “Über den Rechtspositivismus und das Ende des Rechtsstaats”. Der Vortrag wurde von Henrique Schneider gehalten. Henrique Schneider studierte Ökonomie in der Schweiz, Deutschland, Österreich, USA und China. Er ist der Chefökonom des Schweizerischen Gewerbeverbands SGV in Bern. […]

On May 20, 2022, the 16th Gottfried von Haberler Conference was held at the University of Liechtenstein – “On the Morality of the State and the State of Political Morals”. Leading international scientists and recognized experts discussed the highly relevant, and explosive topic. The event was organized by ECAEF – European Center of Austrian Economics […]