Essays & News

Take away Due to its liberal constitution of 1853 and dependable noninterventionist policies between the 1860s and the end of WWI, Argentina enjoyed its most prosperous period yet.  By 1913 Argentina was a free market-oriented powerhouse and ranked among the world’s ten richest countries per capita with an advanced educational system and a comparatively well-developed […]

  “Historic!” trumpeted Thierry Breton, the European Commissioner for Internal Market, in a statement extolling new comprehensive regulations over artificial intelligence (AI) that in his words would make Europe “the first continent to set clear rules” for the technology. The assumption is that the European Union, having approved the rules in December, is blazing a trail […]

  Key Take Aways:  Lyn’s new book, “Broken Money”, explores the past, present, and future of money through a technological Emphasizing the impact of inventions like the telegraph on monetary history, the book delves into the evolving nature of currency, from credit theories to contemporary innovations like Bitcoin, stable coins, and the potential for global […]

  For decades, the European Commission and international groups like the World Trade Organization and Organisation for Economic Co-operation and Development (OECD) have stood against state subsidies for domestic industries. They correctly emphasized that subsidies are economically distortive, undermine fair competition, favor politically connected businesses or sectors over others and slow economic growth. Policymakers have not always succeeded at limiting […]

  Hardy Bouillon*: Business Ethics and the Austrian Tradition in Economics. Routledge, London, 2021. Originally published in German as “Wirtschaft, Ethik und Gerechtigkeit”, vol. IX, ECAEF, “Studien zur Wirtschafts- und Gesellschaftsordnung”. I This book is not politically correct and thus will almost certainly provoke some heated debates. In the course of four short chapters, with concluding […]