Essays & News

“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”  Carl Menger (1840-1921) […]

Netzwerkpreis Hayek-Gesellschaft, Weimar, 15. Juni 2018. In seiner Funktion als Präsident der ECAEF nahm S.D. Prinz Michael von und zu Liechtenstein den diesjährigen Netzwerkpreis der Hayek-Gesellschaft entgegen. Die Preisverleihung fand im Rahmen der jährlich ausgetragenen Hayek-Tage in Weimar statt. Die ECAEF ist damit der dritte Medaillenträger des seit 2016 vergebenen Preises. Bisherige Netzwerkpreisträger: 2016: Students for […]

The key to the intricate and massive system of thought created by Karl Marx (1818-83) is at bottom simple: Karl Marx was a communist …

By Henry I. Miller* and Dr. Frank Young** Fox News -> Opinions, March 29, 2018 There’s a saying in French, plus ça change, plus c’est la même chose, the more things change, the more they stay the same. We were reminded of that on the 30th anniversary of an op-ed about genetic engineering that we […]

The Munich Security Conference (MSC) stands among the world’s oldest and most important fora for security discussion, with the attendance of top-level decision makers from key countries around the globe, nongovernment organizations, industry, academia and media. The latest edition of the MSC was gloomy, mirroring the current international situation. The February 2018 conference, named “To […]