Austrian Observer

Highlights from the Web

Karl Marx would not be a household name if not for the Russian Revolution, so argue Phil Magness and Michael Makovi. 24. November 2022
Population decline is likely to create some serious issues in the United States and elsewhere, argues economist Jesús Fernández-Villaverde. 8. January 2022
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
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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