governance

Friedrich Merz, chairman of Germany’s largest party, the Christian Democratic Union (CDU), indicated that a collaboration with the Alternative for Germany (AfD) party at the municipal level could be a possibility. This resulted in an outcry. Especially during the 16-year chancellorship of Angela Merkel, the CDU maintained a strict firewall between themselves and the AfD, […]

Economics Set Free: In Defense of Hayek David Andrew McMillan First Prize in Vernon Smith Prize Contest 2021.   Abstract Policymakers treat economics mysteries as a series of economics puzzles or optimization problems: If only we had more data, they claim, our predictions would be more accurate and evidence-based interventions would deliver greater benefits. The […]

Back in January, we announced the winners of the 13th International Vernon Smith Prize, leaving us organizers with a very uncommon problem: How to run the Awards Ceremony with strict Covid-19 restrictions in place?  The winners were not able to follow the usual invitation. They could not attend a physical event in Vaduz, Liechtenstein. Instead, […]