Austrian Institute of Economics and Social Philosophy

F.A. Hayek's Essay “The Use of Knowledge in Society": 75th Anniversary

Hayek’s pivotal essay from 1945 is not only a noteworthy advance in his critique of central planning. His insights also provide conceptual tools for other forms of institutional analysis.
by Thomas D. Howes
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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.
by Norbert F. Tofall
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Fury vs. Freedom: The New Left-Right Conflict

Today, social debates are ignited from the political margins. What is needed is an anti-totalitarian self-enlightenment from the political center.
by Ulrike Ackermann
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Racial Accounting and the Galvanization of Group Rights in the U.S. – Not a Liberal Solution

To combat racial discrimination, the United States maintains a veritable accounting system based on race and ethnicity. With consequences.
by Beat Kappeler
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Austrian Observer

Highlights from the Web

Keynesian economists never bother to explain why they think draining funds from the private sector is good for growth. Some journalists are still acting as stenographers for their assertions.29. September 2020
The coronavirus pandemic is not the reason for France’s and Italy’s poor economic health, it simply exposes pre-existing conditions that have been around for a long time.20. July 2020
Coronavirus is no excuse for surrendering to the Left on economics, underlines economist Philipp Booth.19. July 2020
The main reason Amazon does not pay much in taxes is because the company so vigorously reinvests its profit.10. July 2020
The media makes is look like Trump is proposing lots of spending cuts. That would be great news … if it was true. In fact, the debt is increasing.11. February 2020
Many intellectuals are offended by the idea of capitalism. Rainer Zitelmann explains, why they feel more in tune with an artificially planned economic order.30. January 2020
The developments in China over the past four decades demonstrate: "The rich don't get rich at the expense of the poor." By Rainer Zittelmann in Forbes.21. January 2020

Erhard's insight that a market economy generates a fair real wage seems to have become increasingly overruled in the European Monetary Union, writes Gunther Schnabl in the Cato Journal.

15. January 2020
Chile's Economic Model Is a Success Story in Crisis-Prone South America. The root causes of Chile’s ongoing protests are still being hotly debated. 12. December 2019
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The Austrian Institute is dedicated to the dissemination of the principles of classical liberalism in the tradition of the Austrian School of Economics, as well as other consistently market-oriented and freedom-based approaches.

The target audience of the Austrian Institute is anyone interested in learning more about the Austrian School of Economics, regardless of age, educational background, or religious affiliation. The Institute intends to promote a better understanding of basic economic relationships, their social implications, and the vital role of entrepreneurs in fostering these relationships.

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