Category Archive: 6b.) Austrian center

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The Elusive International Order

2023-01-25

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2023-01-25

The liberal international order was a screen and a sham. But this does not mean that liberalism is lost.

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A High Price is a Good Price – Under the Right Conditions

2023-01-23

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2023-01-23

Overpaying for something that could be found in a different store (or online), under the right circumstances, makes both parties happier. After looking around a bit, I asked the cashier at a nearby convenience store if he had any nine-volt batteries because I didn’t see any on the shelf. To my good fortune, he did. I asked for two of them and pulled a $5 bill out of my wallet as he rang them up.

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Crypto and the Environment

2022-10-11

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2022-10-11

An intrusive intervention into the crypto market similar to what the EU has recently provided is not a sure promise of a Pareto efficient result.

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Deirdre McCloskey Becomes a Fellow of the Erasmus Forum

2022-05-29

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2022-05-29

The Austrian Economics Center and the Hayek Institut congratulate Deirdre McCloskey on becoming a Fellow of the Erasmus Historical and Cultural Research Forum.

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Public Healthcare Threatens Liberty in the U.S.

2022-05-28

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2022-05-28

Despite higher healthcare costs, Americans receive better healthcare, provided by the individually tailored healthcare plans, courtesy of the private sector. 

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War in Ukraine – Week 11

2022-05-16

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2022-05-16

Business trips are very different these days. It was a wonderful and intense week, but nothing beats coming back home with bags full of supplies!

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War in Ukraine – Week 10

2022-05-09

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2022-05-09

This is Liza. She is 15 years old. After her town got shelled and two people got injured she volunteered to drive them to get some medical help, because no one else would. First she got through mines on the road, then Russian soldiers shot at the car, injuring both of her legs. But she kept driving until the car stopped. Fortunately, they got picked up by our guys, and this brave little girl and her passengers are recovering right now.

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The EU energy price crisis – is the market design to blame?

2022-05-06

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2022-05-06

The electricity prices reflect the supply and demand conditions in Europe and interfering with the price formation mechanism would have dangerous consequences.

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War in Ukraine – Week 8

2022-04-26

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2022-04-26

4-year old Alisa is begging to be evacuated from under siege Mariupol. So are thousands of others after about 50 days underground. But russia won’t allow it. They are holding these people hostage, watching them die slowly and painfully one by one. Source: Nataliya Melnyk on Facebook

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#RestartVienna at an unforgettable 10th Austrian Economics Conference – 1st Day

2021-11-16

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2021-11-16

On November 4-5, the 10th Austrian Economics Conference took place at the Austrian Central Bank (Österreichische Nationalbank). The event was organized in collaboration with the Fundación Bases and the Hayek Institut and received more than 150 academics, researchers, think-tankers, entrepreneurs, and student advocates of the ideas of freedom from all over the world.

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China’s social credit system – a new Cultural Revolution

2021-10-17

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2021-10-17

The Cultural Revolution of the 1960s was a comprehensive effort by Mao Zedong to regulate how people think and behave. Citizens were forced to read the “Red Bible” and honor the Communist Party with quasi-religious rituals. Mutual supervision was encouraged throughout all of society. People were told that the way of thinking and behavior advocated by Mao Zedong was the only correct one.

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Market Economy Beats Planned Economy

2021-10-04

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2021-10-04

Throughout the next weeks, we will regularly feature the keynote speeches held by our distinguished experts at this year’s digital Free Market Road Show.  The times we are living in – the pandemic – are times when our fundamental values are threatened maybe more than ever in modern times.

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Prospects for China’s dual circulation strategy

2021-06-25

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2021-06-25

Once again, the 2021 National People’s Congress, held from March 5-11, followed a strict choreography. The political leadership entered the Great Hall of the People to the sound of a military band and led by state and party leader, President Xi Jinping.

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Malta under Pressure

2021-05-29

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2021-05-29

Malta is a compact archipelago in the Mediterranean Sea, 80 km from Sicily, 333 km from Libya and 284 km from Tunisia. It had a long list of rulers, including the Phoenicians, the Byzantines, the Arabs and later the French under Napoleon and finally the British. The island gained independence in 1964, and in 2004 it joined the European Union.

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World IP Day

2021-05-07

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2021-05-07

Monday, April 26, marked World IP Day. In cooperation with the Property Rights Alliance (PRA), the Austrian Economics Center celebrated it by signing its annual coalition letter, addressed to the World Intellectual Property Organization’s Director-General Daren Tang. Property rights benefit businesses, both big and small, start-ups or companies with a long tradition. This, in turn, enriches society as a whole. The COVID-19 pandemic has cost us too...

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AEC Announces Austrian Economics Conference in Vienna

2021-04-29

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2021-04-29

10th International Conference “The Austrian School of Economics in the 21st Century” will be held in Vienna (Austria) on November 4 and 5, 2021, organized by the Austrian Economics Center and Fundación Internacional Bases.

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Vaccine diplomacy: Soft power lessons from China and Russia

2021-04-18

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2021-04-18

As Covid-19 continues to rage throughout Europe, China and Russia seem to be giving the European Union lessons in soft power on its home ground. EU members and countries nearby are turning to Beijing and Moscow for additional supplies of Covid-19 vaccines, faced with rising discontent at the slow rollout of the EU’s own vaccination strategy, supply shortages, delivery bottlenecks, poor communication and concerns about vaccine safety.

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Anti-Vaccine and Anti-Vaping: Against Science and Innovation

2021-04-08

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2021-04-08

Among the many problems originated by the Covid 19 pandemic, one of the most important is the resurgence of the anti-vaccine movement. Conspiracy theories, ridiculous arguments and unfounded accusations have given renewed fuel to one of the most anti-scientific and destructive trends we have ever seen.

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Pandemic diplomacy in the Western Balkans

2021-04-03

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2021-04-03

The business of fighting Covid-19 is now estimated at around $150 billion. As of March 2021, 354 million vaccine doses have been delivered – 90 percent of them to countries that are home to only 10 percent of the world’s population. If 65 to 85 percent of people have to be vaccinated to reach global immunity, then it is unlikely to happen this year.

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The Loneliness Epidemic intensifies Thanks to Lockdowns

2021-03-21

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2021-03-21

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events.

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