Austrian School

  It is late autumn 2025, and lest we forget that Christian Watrin, one of Germany’s most profound scholars, died in Cologne 5 years ago. Watrin belonged to that irreplaceable generation of European academics whose work arose and developed from a comprehensive approach to various disciplines that condition and influence one another. As the author […]

    The principle of equity embodied in The Flat Tax is that every taxpayer pays taxes in direct proportion to his income. As incomes double, triple, or grow tenfold, tax obligations double, triple, or rise tenfold. Those who earn more pay more. Alvin Rabushka and Robert E. Hall     Take Away The Flat […]

Just off the press: A brand new ecaef.org book presented by H.S.H. Prince Philipp of Liechtenstein at Pedro Schwartz’ 90th Birthday.   Indeed, economic analysis is woefully shortsighted when not grounded on a solid basis of liberal political philosophy. And conversely, political philosophy will be buffeted by the currents and crosswinds of mere fashion if […]

On the ‘useless preachings’ of a great liberal thinker. by Raffaele De Mucci (LUISS)   The purpose of this contribution is theoretical rather than historiographical. It aims to offer a reconstruction of some key aspects of Luigi Einaudi’s liberal thought, particularly those that are most relevant to understand Einaudi’s positioning regarding the “great divide” between […]

    The theory of economic equilibrium is Walras’ claim to immortality, that great theory whose crystal-clear train of thought has illuminated the structure of purely economic relationships with the light of one fundamental principle. Joseph A. Schumpeter It is only the passionate pro-socialist zeal of mathematical pseudo-economists that transforms a purely analytical tool of […]