Austrian Institute of Economics and Social Philosophy

The Universal Destination of Goods and Private Property

Is the right to private property only a “second-tier” natural right which has to be restricted for "social reasons"? No, theology and Catholic social teaching have long known that wealth generation based on private property is a process from which everyone benefits.
by Martin Rhonheimer
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Tax Policy “Harmonization”: Diversity Is Preached, Uniformity Is Practiced

From the OECD to the EU: Although people like to profess their support for diversity, they nevertheless insist on uniformity. The G-20 wants an international tax cartel.
by Thomas Fuster
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Low Interest Rate Policy Cripples the Economy and Reduces Prosperity

Japan’s low interest rate policy began 30 years ago, about 15 years earlier than in the EU. In an interview with Stefan Beig, economist Gunther Schnabl explains why the low interest rate policy is so damaging to prosperity.
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Socialism Is a Seductive Idea, but It Is Incompatible with Freedom and Prosperity

Why intellectuals have often advocated socialism, and why it is incompatible with freedom. The economist and book author Kristian Niemietz of the London Institute of Economic Affairs is interviewed by Stefan Beig.
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Austrian Observer

Highlights from the Web

The right to private property is not a “second-tier” natural right, says Martin Rhonheimer whose article has been re-published in an abridged version by Public Discourse.
25. September 2021
The knowledge problem can't be solved with artificial intelligence, argues economist Jesús Fernández-Villaverde.5. August 2021
Downplaying the role of lay disagreement about matters of Catholic Social Teaching is a mistake, argues Samuel Gregg.7. May 2021
"Regime uncertainty" contributed significantly to the length of the Great Depressionexplains George Selgin.27. April 2021
Despite the disadvantages of the term 'capitalism', it rightly highlights the central place of capital in a market economy, writes Steven Horwitz.6. April 2021
Despite the claims of many economists, empirical research still favors the assumption that hikes in the minimum wage lead to substantial job loss.23. March 2021
Protective tariffs are likely to blame for the soaring costs of building materials in the U.S., as Scott Lincicome from the Cato Institute shows.23. March 2021
The 'woke' are trying to cancel Adam Smith because of his purported views about slavery. Samuel Gregg explains why that is absurd.23. March 2021
Like all bureaucracies, also the Federal Reserve tries to grow its power, becoming thereby a Threat to Self-Governance, argues economist Alexander Salter.23. March 2021
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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.

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