F.A. Hayek on the Discovery, Use, and Transmission of Knowledge

This September marked the 75th anniversary of F.A. Hayek’s pivotal essay “The Use of Knowledge in Society.” It is not only a noteworthy advance in Hayek’s critique of central planning. Hayek’s insights about competition as a ‘discovery procedure’ also provides conceptual tools for other forms of institutional analysis.

China, the US, and Europe: Who Will Lead after the Coronavirus Crisis?

Will China soon be the world’s number one power? Not if the West returns to its basic values of liberty, and if the Western governments dare to destroy their self-inflicted debt traps.

Fury vs. Freedom: The New Left-Right Conflict

Today, social debates are ignited from the political margins. When democracy is in crisis and social cohesion is crumbling, it is time for intellectuals to focus on the essentials. What is needed is an anti-totalitarian self-enlightenment from the political center.

Racial Accounting and the Galvanization of Group Rights in the U.S. – Not a Liberal Solution

To combat racial discrimination, government agencies in the U.S. keep a kind of accounting system based on race and ethnicity. Well-intentioned policies perpetuate divisions in society.

“Irrational Stock Exchanges” and the Wirecard Scandal: On the Blanket Suspicion of Financial Capitalism

Joint stock companies and stock exchanges have made the upswing of modern economies possible. However, they have always been suspected of serving the greed of a few. What, then, is the function of “financial capitalism”?

Why Intellectuals Don’t Like Capitalism

Anti-capitalism is widespread among both right-wing and left-wing intellectuals. Both are united by the belief that economic and social problems can be solved primarily through state action.