Austrian School
Dinner Speech aus Anlass der XX. Gottfried von Haberler Konferenz, Vaduz, 28. Mai 2025 Durchlaucht, sehr verehrte Honoratioren, sehr geehrte Damen und Herren, liebe Freunde. Es ist mir eine ganz besondere Freude, heute, aus Anlass der 20. Gottfried von Haberler Konferenz, zu Ihnen sprechen zu dürfen. Hierher zu kommen ist immer eine Freude. Denn […]
Summary A key lesson of the past century is that, where possible, the best way to protect and enhance the environment is to make use of free-market mechanisms to align commercial incentives with environmentally beneficial goals. Yet governments usually prefer to use command-and-control mechanisms to impose environmental targets for all environmental issues. Their reasoning […]
Vom Wert der besseren Idee: Outperformance durch die Einbindung österreichischer Perspektiven I. Einleitung: Austrian Economics at Work Das Konferenzthema „Austrian Economics at Work“ legt nahe, die Österreichische Schule über ihr theoretisches Fundament hinaus zu betrachten, als analytischen Rahmen, der reale Entwicklungen erklärt und konkrete Anwendungsfälle aufzeigt. Als Unternehmer und Fondsmanager nähere ich mich diesem Thema […]
The World Bank’s ‘Averting the Old- Age Crisis’ revisited, 32 years on: Have we learned the lessons?
ABSTRACT This paper revisits the World Bank’s landmark report Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth from 1994, and uses it as a benchmark to judge the OECD’s pension systems of today. Averting the Old Age Crisis recommended a three-pillar system in which fully prefunded pillars, based on […]
1. The extraordinary grassroots movement of low-cost private education Across the developing world, in urban slums and low-income communities, and rural villages, parents are abandoning public schools en masse. Instead, they are sending their children to private schools, low-cost private schools, typically created by educational entrepreneurs. Research over two decades has revealed several salient […]
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