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Karl Marx: Born 1818 and Still Going Strong? (Karl Marx: Mythos und Realität) The XIV. International Gottfried von Haberler Conference will take place on May 25, 2018 in Vaduz, at University of Liechtenstein. Topic: “Karl Marx: Born 1818 and Still Going Strong?” – German: “Karl Marx: Mythos und Realität”. The event will be organized and hosted […]

Statistics is a wonderful tool to support hypotheses. Data can be selectively arranged, given “weights” or cleverly suppressed depending on a desirable outcome. Of late, the case of excessive and rising inequality has become a mantra in economics, media, academia and politics. It is backed up with statistics and presented as one of the major […]

Under the Antideficiency Act of 1884, the federal government of the United States may incur obligations or make expenditures authorized by appropriations. When budgetary limits are exceeded, new funds can only be provided by an act of Congress. When no agreement on new appropriations is reached between Congress and the White House, the government must […]

The talks between Germany’s Christian Democrats (the CDU/CSU) and Social Democrats (the SPD) have ended in an agreement that will create a coalition of the biggest losers of last September’s federal elections. The parties’ rank-and-file members must still approve the deal. For Chancellor Angela Merkel and SPD leader Martin Schulz, the coalition is the only […]

Vernon Smith Prize 2017 Winners announced The 10th International Vernon Smith Prize for the Advancement of Austrian Economics was an essay competition sponsored and organized by ECAEF European Center of Austrian Economics Foundation, Vaduz (Principality of Liechtenstein). This years’ topic: Does Tolerance become a Crime when applied to Evil? The winners are: 1: Mattias Oppold (Germany) […]