English

  The Mischaracterization of Education as a Merit Good Garret Thomas Molloy ABSTRACT This essay advances three claims (1) The current provision of public education characterizes education as a merit good. This characterization motivates state intervention to correct for merit good’s characteristics of positive externalities and consumer uncertainty (2) The provision of free public education […]

The Public-Private Paradox of Education: Merit Good or Negative Externality? Patrick Tecklenburg ABSTRACT This essay explores education`s multifaceted role as a private, a public and a merit good, with an intertwined reflection on its historical evolution and modern-day relevance. From its origins as a privilege, mainly only affordable by the elite to the widespread vision […]

  In Germany, during Angela Merkel’s 16-year tenure, we witnessed a strategic shift of the Christian Democrats towards socialism to capture voters from the left. Ms. Merkel masterfully marketed her politics of stagnation as stability. The result was steady decline, culminating in the dysfunctional coalition between the Social Democrats, Greens and Liberals. Infrastructure is now […]

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 […]

  The period from November 6 to now suggests that American politics has largely been shaped at Mar-a-Lago instead of the White House. Located in Palm Beach, Florida, Mar-a-Lago is President Donald Trump’s private club, where he has been actively “ruling,” making announcements and planning his next moves. Meanwhile, President Joe Biden seems to have faded into […]