Austrian School

  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 […]

  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 […]

  Malte Fischer is a native of Germany and studied economics. He earned his Diplom Ökonom degree at the Ruhr University in Bochum (D). In 1990 Fischer began to work as an academic staff researcher at the Kiel Institute for World Economy (IfW Kiel), and specialized there in business cycle research and trade policy. During […]