Essays & News

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 […]

  When it comes to the global tech race, the European Union is so far behind it is not even near the racetrack. Lagging in almost every technological innovation category and falling behind global peers in high-tech manufacturing, the EU has turned, as usual, to regulation: local content rules (LCRs). These are supposed to save […]

  As the story goes, there are no free rides. The costs of each journey must necessarily be borne by someone. They can be broken down into three categories: the monetary costs related to the construction, maintenance and management of infrastructures; the monetary costs related to the purchase and use of vehicles; the costs that […]