English

   … ein äusserst kunstreich erdachtes, mit fablehafter Kombinationskraft in zahllosen Gedankenetagen aufgebautes, mit bewundernswerter Geisteskraft zusammengehaltenes  –  Kartenhaus. Eugen von Böhm-Bawerk (1851-1914)   Take Away Although pushed into the wastebin of economic theories more than 100 years ago, Marxism much more than any other ‘ism’, is liable to recurrent fads and the periodic rediscovery […]

The British public has grown disappointed with Brexit’s consequences. Given the disingenuous national debate leading up to it, the fiasco is not a big surprise. Brexit formally came into effect in February 2020, some 27 years after the United Kingdom entered the European Communities (the European Union’s predecessor) and less than four years after the […]

On a few of F. A. v. Hayek’s activities prior, during and after WWII. Based on my conversations with F.A. von Hayek (1969-1991 and research in the Hoover Institution’s Archives (HIA), this short essay touches upon just a few of von Hayek’s many efforts to fight Nazism and to revive the tradition of the Austrian […]

Challenges by the Global South will change the power game. The first weekend of June brought another session of the top security summit in Asia, the Shangri-La Dialogue. The Chinese Minister of Defense Li Shangfu and the United States Secretary of Defense Lloyd Austin spoke there, playing the usual blame-dodging game and warning against the […]

  There is no art which one government sooner learns of another than that of draining money from the pockets of the people. Adam Smith Today Adam Smith’s reputation rests on his explanation of how rational self-interest in a free-market economy leads to economic well-being. It may surprise those who would discount Smith as an […]