In 1875 William Stanley Jevons set out the classical checklist for whether a thing can serve as money: durability, portability, divisibility, uniformity, limited supply, and acceptability.
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What happens when “evidence-based” economic policy rests on evidence that cannot be replicated? From minimum wages to tax policy and regulation, fragile research can shape real decisions — long before its flaws are exposed.
Unemployment has stayed high amid weak productivity and brain drain. Rising debt costs are squeezing funding for essential public services. A fragmented parliament and loyalist appointments hinder lasting reform.
In a speech delivered at the launch of Wer ist der grössere Versager: Markt oder Staat?, Štěpán Drábek challenges the assumption that government intervention is the natural cure for imperfect markets — and argues that the failures of the state deserve at least equal scrutiny.
