English

I Soon after “Maggie” Thatcher was elected leader of the British Conservative Party in 1975, she impatiently interrupted the previous speaker in an important political strategy discussion, slammed F.A. von Hayek’s book The Constitution of Liberty on the table and made it clear to the assembled party leadership that this work was her economic and […]

Africa, Europe’s southern neighbor, is increasingly in the limelight. On one hand, Western politics fails to foster cooperation and growth in African countries. On the other, the media often depict Africa in a negative way. This lack of political engagement is most often due to a lack of knowledge – frequently bordering on ignorance – […]

XVI. INTERNATIONAL VERNON SMITH PRIZE 2023 Vernon Smith Prize is an essay competition for the advancement of Austrian Economics – sponsored and organized by the European Center for Austrian Economics Foundation (www.ecaef.li), Vaduz (Principality of Liechtenstein). Topic for 2023: “The Rule of Law. It’s Meaning and Purpose” Extended deadline for the essays: November 30, 2023. […]

A terrible earthquake struck southeastern Turkey and Syria on February 6, killing at least 40,000 people as the search for victims goes on and casualties are sure to mount. Infrastructure, including thousands of homes, has been destroyed in many towns and villages. Information on the disaster in Syria is more limited. Access for relief organizations and delivery of […]

Although terms such as justice, democracy or the Rule of Law are understandable to most of us, they have been drained of their clear meaning by the addition of the politically explosive and thus very likely so common and pervasive word ‘social’. Who knows how e.g. Social Justice can ever be defined? Or what might […]