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GiS Expert View “Pursuing protectionism is like locking oneself in a dark room,” said China’s President Xi Jinping. “Wind and rain may be kept outside, but so is light and air.” Mr. Xi’s words of warning were directed at the new president of the United States. Meanwhile in Washington, Donald Trump erected new barriers to […]

‘Interventionism is a system that is contradictory and unsuitable even from the point of view of its sponsors, that cannot be carried out logically, and whose introduction in every case can effect nothing but disturbances in the smooth functioning of the social order based on private property’. Ludwig von Mises (1881-1973) The Economics and Politics […]

1. Prize: Karol Zdybel (Warsaw, Poland) 2. Prize: Alan Futerman (Rosario, Argentina) 3. Prize: Mark O’Kane (Lancashire, UK) Essays had been judged by an international jury. They will be posted after their defense at the ‘International Vernon Smith Prize Ceremony’ on February 6, 2017 in Vaduz, Principality of Liechtenstein. The 9th International Vernon Smith Prize for the […]

Many Europeans still view Native Americans as the “noble savage” depicted in the paintings of Karl Bodmer. Traveling with the German explorer Prince Maximillan zu Wied-Neuwied from 1832 through 1834, Bodmer saw and painted American Indians with the dignity and cultural wealth they deserved. Unfortunately, that dignity and wealth have been stripped from most Native […]

Europe is commemorating the inception of its common currency, the euro, a quarter of a century ago. The goal to establish it was set forth in the Maastricht Treaty, which was drafted in December 1991 and entered into force in 1993. The currency began its virtual existence in 1999, and euro bills and coins entered […]