Essays & News

by T.A. Lackmann Hans Besters hat in Bochum Generationen von Ökonomen und Juristen Wirtschaftspolitik erklärt. Er verlangte von seinen Studenten immer, dass sie Wirtschaft so erklären könnten, “dass Ihre Haushälterin” es versteht. Der Zwischenruf eines Studenten, dass er keine Haushälterin habe, amüsierte einen kompletten Hörsaal. Viele Professoren der Nationalökonomie kennen Wirtschaft nur von aussen. Bei […]

I Soon after “Maggie” Thatcher was elected leader of the British Conservative Party in 1975, she impatiently interrupted the previous speaker in an important political strategy discussion, slammed F.A. von Hayek’s book The Constitution of Liberty on the table and made it clear to the assembled party leadership that this work was her economic and […]

Africa, Europe’s southern neighbor, is increasingly in the limelight. On one hand, Western politics fails to foster cooperation and growth in African countries. On the other, the media often depict Africa in a negative way. This lack of political engagement is most often due to a lack of knowledge – frequently bordering on ignorance – […]

The old “Great Game,’’ dating back to the 19th century struggle over Central Asia and Russian access to the Indian Ocean, is experiencing a renaissance. Then, the Russian Empire started to gain control in Central Asia from the north and the west, while the British Empire approached from the south, through the Indian subcontinent. The […]

XVI. INTERNATIONAL VERNON SMITH PRIZE 2023 Vernon Smith Prize is an essay competition for the advancement of Austrian Economics – sponsored and organized by the European Center for Austrian Economics Foundation (www.ecaef.li), Vaduz (Principality of Liechtenstein). Topic for 2023: “The Rule of Law. It’s Meaning and Purpose” Extended deadline for the essays: November 30, 2023. […]