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Vernon Smith Prize 2017 Winners announced The 10th International Vernon Smith Prize for the Advancement of Austrian Economics was an essay competition sponsored and organized by ECAEF European Center of Austrian Economics Foundation, Vaduz (Principality of Liechtenstein). This years’ topic: Does Tolerance become a Crime when applied to Evil? The winners are: 1: Mattias Oppold (Germany) […]

We all at ECAEF wish you Merry Christmas and the Very Best in a Peaceful  2018. Please safe the dates: Feb. 5, 2018: International Vernon Smith Prize Winner Ceremony Vaduz May 25, 2018: 15. International Gottfried von Haberler Conference Topic: “Karl Marx, born in 1818 and Still Going Strong?” Vaduz Dec. 6, 2018: III. ECAEF/CEPROM […]

Could Digital Currencies Make Hayek’s Denationalization of Money Dream Come True? And can a basket of cryptocurrencies be the new world monetary basis? Perhaps it is too early to answer these questions, as the cryptocurrencies and the blockchain revolution is only at its very beginning and digital moneys such as Bitcoin or Litecoin are still […]

November 23, 2017 A Case for Europe’s Small States in the third Millennium An academic Cooperation of CEPROM and ECAEF The II. ECAEF/CEPROM Conference (International Jacques Rueff Conference) was an academic one-day co-operation of CEPROM (Center of Economic Research for Monaco) and ECAEF (European Center of Austrian Economics Foundation, Liechtenstein). It took place at the Musee Oceanographique de Monaco, […]

by Paul Butler When monetary theory comes up in reference to Bitcoin, the work of Friedrich von Hayek is often invoked. I have read a number of claims that the Nobel laureate’s 1976 book, Denationalisation of Money,1 lays the theoretical foundation for the cryptocurrencies we see today. In this post, I will argue that the […]