Austrian Institute of Economics and Social Philosophy

Has Liberalism Failed? Patrick Deneen’s Populist Anti-Liberalism

In his book “Why Liberalism Failed” Patrick Deneen deals with all varieties of Liberalism. A Catholic Classical Liberal’s Response to a severely flawed analysis.
by Martin Rhonheimer
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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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Austrian Observer

Highlights from the Web

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
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
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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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