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When the “social” becomes an end in itself… individual agency and freedom will disappear: How are intellectuals shaping this ideal? Lisa Helga Kinspergher First Prize in Vernon Smith Prize Contest 2022. Abstract Language manipulation is a practice aimed at distorting the actual meaning of words and providing them hidden and subtle connotations. Today this strategy […]

Europe’s economic engine is sputtering, and real growth rates are shrinking. With a few exceptions, this is the case all over the old continent. Europe has all the ingredients of success: a well-educated population, great scientific institutions and universities and a wide range of successful companies, especially owner-managed family businesses and hidden champions. Despite that, […]

We are living in a time of immense geopolitical shifts. This is not surprising, as change is a normal occurrence. However, there are periods when changes take place more rapidly and on a larger scale. Shifts in geopolitics can be driven by a variety of factors, including technological, demographic, and environmental developments, as well as […]

Taking Money out of Politics: A case for Private Money? Globally, governments have maintained the sole right of money creation and issuance of tender. Over time, to further their own self-interests, central banks and the ruling elites in governments have developed creative methods to slash their citizens’ wealth by inflating and devaluing these currencies. The […]

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 […]