economics

ooooo For much of the past decade, Europe has been weighed down by prolonged economic stagnation. Growth has slowed, productivity has stalled, and even the continent’s largest economies—Germany and France among them—have struggled to regain momentum. Yet amid this malaise, one large European economy has been moving decisively in the opposite direction. Once synonymous with post-communist hardship […]

Teil 2 von 2 Das Elend des Liberalismus und die „geordnete Anarchie“ Auf seine Weise war Anthony de Jasay ein Anarchist, obwohl ihm der Begriff nicht behagte, weil er falsche Assoziationen auslöst. De Jasay plädierte für eine „geordnete Anarchie“, obwohl Anarchie und Ordnung gemeinhin als absolute Gegensätze verstanden werden. „Und das Chaos sei willkommen, denn […]

  “Die Ordnung der Gesellschaft ist das Ergebnis menschlichen Handelns, nicht aber menschlichen Entwurfs”.  F.A. Hayek Not knowing the future is a dreadful bother. It creates all kinds of difficulties for financial economists. It does, however, make watching cricket matches more interesting. Lack of certainty about the future is, in fact, one of the primary […]

  Gottfried von Haberler’s contributions to international trade theory and policy have been disruptive and yet the works written by one of most prominent Austrian economists are unfairly undervalued when analysing modern events in world economy, such as the “new protectionism”. Gottfried von Haberler’s theory remains a cornerstone of modern international trade. His simple and […]

  Uncertainty over tariffs and federal spending have characterized the first few months of the second Donald Trump presidency. Since taking office, the Trump administration has instituted various tariffs targeting Canada, Mexico, China, the European Union and countries worldwide. This saga has led to speculation about the prospect of an “External Revenue Service,” “to collect tariffs, duties […]