English

  For decades, the European Commission and international groups like the World Trade Organization and Organisation for Economic Co-operation and Development (OECD) have stood against state subsidies for domestic industries. They correctly emphasized that subsidies are economically distortive, undermine fair competition, favor politically connected businesses or sectors over others and slow economic growth. Policymakers have not always succeeded at limiting […]

  Hardy Bouillon*: Business Ethics and the Austrian Tradition in Economics. Routledge, London, 2021. Originally published in German as “Wirtschaft, Ethik und Gerechtigkeit”, vol. IX, ECAEF, “Studien zur Wirtschafts- und Gesellschaftsordnung”. I This book is not politically correct and thus will almost certainly provoke some heated debates. In the course of four short chapters, with concluding […]

  At first blush, the Chinese economy is doing relatively well. Although annual gross domestic product (GDP) growth averaged 10 percent during the first decade of this century and dropped to about 7 percent during the next, it was remarkably strong during the pandemic and is expected to reach 5 percent this year. These are […]

  When Worldcoin, the biometric cryptocurrency project, launched on July 24, 2023, three years after its inception, it was met with criticism and concern in most Western nations. In quite a few emerging economies, however, the predominant sentiment was relief. This is because that is where the 2.3 million people who had already sold their […]

The United States appears unable to put forth functional candidates for the 2024 presidential election aside from Joe Biden, the incumbent who is 81 years old and showing his frailty, and former President Donald Trump, who himself is 77 years old. That makes the world wonder. European leaders are particularly concerned about the prospect of […]