Hayek

Dinner for One, served by the poor? How our micro-cosmic intuitions mislead us in a macro-cosmic world Vincent Czyrnik   ABSTRACT This essay uses the familiar New Year’s Eve sketch Dinner for One as an entry point to examine a central question in political economy: why do widespread perceptions of injustice persist despite historically unparalleled […]

  Originating from our “Publish with Us” section, this essay continues our tradition of inviting thinkers and authors to contribute perspectives rooted in the intellectual legacy of the Austrian School of Economics — where individual insight, critical reflection, and open dialogue meet. Introduction It has grown fashionable to hold liberalism and its kindred ideologies in […]

  Nowhere is freedom more important than where our ignorance is greatest – at the boundaries of knowledge, in other words, where nobody can predict what lies a step ahead. Friedrich A. von Hayek (1899-1992)   Take Away Published in 1960, on the 100th anniversary of J. St. Mill’s essay ‘On Liberty’, Friedrich A. von […]

400 Jahre ökonomische Ideengeschichte in Europa. Von Descartes über Menger und Boltzmann zu Hayek. Werner Tabarelli Noch um 1500 verkündete der Prediger Geiler von Kaysersberg den unveränderlichen Willen Gottes von den Kanzeln:   Friede macht Reichtum, Reichtum macht Übermut, Übermut bringt Krieg, Krieg bringt Armut, Armut macht Demut und Demut macht wieder Frieden.   An […]

Štěpán Drábek is a young Czech economist and commentator. Since August 2024 he has been the head of the analytical team of ECONET, the association of winners of the Economics Olympiad. He is also an analyst at the Centre for Economic and Market Analysis (CETA) as well as at the Institute of Liberal Studies. In his […]