economy

  After its founding in 1949, the People’s Republic of China pursued a policy of economic self-reliance. Under the rule of Chairman Mao Zedong (1949-1976), it proved dramatically unsuccessful. From late 1978, the approach of the ruling Chinese Communist Party (CCP) began to change. Integration in the global economy over the following decades allowed China and its […]

It has been four years since Covid-19 began, and with it, the painful shutdowns worldwide that unleashed havoc on global supply chains. Since then, while uncertainty in global trade has not disappeared and geopolitical tensions continue to ebb and flow, the cost of trade and supply-chain bottlenecks have eased and deliveries have largely returned to […]

  2023 will be remembered for its tumultuous wars and fervent activism, yet it was marred by a wide lack of outcomes, potentially rendering it a “lost year” in history. The tension between Western powers and their adversaries, China and Russia, persisted without fundamental shifts despite lots of strategic maneuvering. Conflicts in Ukraine, the Middle East, the Horn of Africa and the Congo trudged on unabated. In the welfare […]

  Eines der versprechendsten grossen Bücher, die einen Neudruck verdienen würden, ist wahrscheinlich von Mises’ Nationalökonomie. Theorie des Handelns und Wirtschaftens (1940). Durch sein Erscheinungsdatum ist es in Deutschland praktisch unbekannt geblieben, aber doch die einzige Version, in der Mises’ eigene Sprache erhalten ist. Friedrich A. von Hayek* Take Away Ludwig von Mises’ grosse Leistung […]