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The winners of the Vernon Smith Prize 2022 are: 1: Lisa H. Kinspherger (IT) 2: Johann-Jakob Chervet (CH) 3: Krysztof L. Lesniewski (PL) and Jonas Trappe (DE) The International Vernon Smith Prize 2022 was an essay competition for the advancement of Austrian Economics – sponsored and organized by ECAEF – the EUROPEAN CENTER OF AUSTRIAN […]

It is 2023, and lest we forget one of the most seminal minds of our times, we should briefly recall the important life and work of James McGill Buchanan who died 10 years ago on January 9, 2013. Buchanan belonged to that long past generation of American social scientists whose extensive work arose from the […]

In crisis, democratic citizens must not exchange their freedom for safety falsely promised by power-hogging governments.  Most of what we hear regarding the coming year is about risks. Risk and pessimism have been the focal points of public discussion. Many in Europe fear their children will not enjoy as good a life as they have […]

Europe’s southeastern neighborhood – the Eastern Mediterranean, the Black Sea region and the Caucasus – has long been an arena for major geopolitical actors to vie for influence. And Turkey lies at the center of this crucial nexus.

Restricting trade for the sake of fighting climate change risks having the opposite effect.