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“The key to the intricate and massive system of thought created by Karl Marx … is at bottom simple: Karl Marx was a communist”. Rothbard (1995, 317) succinctly makes a crucial point for understanding Marx: His ideas are not primarily about economics, sociology, of philosophy – let alone about singular or aggregate law-like relationships such […]

When Naive Presumptions prompt Hasty Judgments: On the Benefits and Problems of Genetic Engineering Wenn Vermutungen zum Urteil werden: Die Gentechnologie am Pranger Gottfried von Haberler Conference 2019 | The 15th International Gottfried v. Haberler Conference will take place on May 17, 2019 at University of Liechtenstein in Vaduz. Conference topic: When Naive Presumptions prompt Hasty […]

Last week the OECD again cut its forecasts for the global economy in both 2019 and 2020. The organization cited Brexit and insecurity due to the United States-China trade dispute as the reasons behind its decision. Under the same pretext, the European Central Bank decided to postpone its first postcrisis interest rate hike …

“If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand”.  Milton Friedman (1912-2006)

by Dr. Carole Nakhle*   CCS is one of the solutions necessary for reaching global climate goals The technology can make fossil fuel extraction cleaner and more efficient Costs are high, while varying market conditions create uncertainty Reaching the necessary capacity to help reduce climate change looks unlikely There is no single magic bullet for […]