Essays & News

French investigators suspect that the perpetrators of the November 2015 terrorist attacks in Paris used prepaid debit cards to cover their expenses. New measures will be proposed by the European Commission next month to make it harder to finance such operations, writes Prince Michael of Liechtenstein. This “action plan” will outline a series of steps, […]

Semantic Traps: Politics with Loaded Terms A Seminar for Scholars, Journalists and Entrepreneurs “One must always repeat the truth, because even the error around us is preached again and again. And not from individuals but from the crowd.”   J.W. von Goethe      When political speech writers pen speeches for presidents, prime ministers, and other […]

A book review    “The State in the Third Millennium” is a remarkable work. Elegantly written by a historian who is simultaneously a head of state, politician, successful international businessman, world famous art collector, and leading philanthropist, it will doubtless provoke some frank debates. After much research and historical study of the concepts, purposes, and […]

An Economist Looks at Europe by Pedro Schwartz (Jan 4, 2016) Quite some years ago, when I was a very liberal young man writing a doctoral dissertation on John Stuart Mill, I asked my supervisor Lionel Robbins what he thought of the restrictions newly introduced on immigration by the then Conservative government. Robbins answered with […]

     With the untimely death of Juan Carlos Cachanosky (13. 10. 1953 – 31. 12. 2015) we have not only lost a very dear and reliable friend. We have also lost a brilliantly insightful and resolute free-market scholar who managed to get so many things right and who could explain real world economic behavior […]