English

An economy is a complex, interactive structure. On one side, it engages suppliers and providers of goods and services; intermediaries such as trading companies, the transport industry and the financial system; and, finally, on the other side, consumers. It is a matrix of collaboration involving millions of agents with differing interests and business models …

On February 4, the 11th Vernon Smith Prize was awarded in Vaduz, Liechtenstein. The award ceremony took place in the Hofkellerei Vaduz. In their essays, the young contenders dealt with the pros and cons of genetic engineering. The winner was the Argentine Sebastian Ariel Abella. Students from all over the world wrote essays in the […]

Some notes and high points by Steve H. Hanke* About the Series | The Studies in Applied Economics series is under the general direction of Prof. Steve H. Hanke, Co-Director of The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise. Commodity and Foreign Exchange Trading. Some Notes and High […]

Most environmental problems result from the tragedy of the commons. The typical response to environmental issues is to turn to government regulation. In contrast, free market environmentalism embraces the lessons of markets by defining and enforcing property rights to prevent over-consumption or other negative outcomes …

When Naive Presumptions prompt Hasty Judgments: On the Benefits and Problems of Genetic Engineering Wenn Vermutungen zum Urteil werden: Die Gentechnologie am Pranger “Denying the science and technology of which genetic engineering is the current striking manifestation is simply an ostrich reaction and cannot solve our problems”.  Bernard E. Rollin Gottfried von Haberler Conference 2019 | […]