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The 7th International Vernon Smith Prize for the Advancement of Austrian Economics is sponsored and organized by ECAEF – European Center of Austrian Economics Foundation, Vaduz (Principality of Liechtenstein). This years topic of the Essay Competion: “Trusting Politicians with Our Money is like Leaving a Cat in Charge of a Cream Jug” |- First Prize EUR […]

On June 6, 2014, Germany’s largest tabloid newspaper, Bild, appeared with the headline ‘How bad can poverty get in old age?’ (Wie schlimm wird die Altersarmut?), writes Marc Zahn, Director & COO at Industrie- und Finanzkontor in Vaduz, Liechtenstein. In the text they use the word ‘Zins-Klau’ a slang expression for ‘stealing interest’. All this […]

In a new book “Environmental Markets”  Terry L. Anderson and Gary D. Libecap explain the prospects of using markets to improve environmental quality and resource conservation. No other book focuses on a property rights approach using environmental markets to solve environmental problems. Anderson and Libecap apply this approach to land, water, wildlife, fisheries, and air. The […]

Economics, Politics, Philosophy, and the Arts. Essays in Honor of H.S.H. Prince Philipp of Liechtenstein (2nd edition), ed. Kurt R. Leube. The essays included in this celebratory volume have been selected from the large group of renowned scholars and experts closely connected with the European Center of Austrian Economics (www.ecaef.li). This collection of academic writings […]