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April 3, 2013

On the Minimum Wage

Oscar Wilde once said, “when speaking one’s mind becomes more than a duty, it becomes a positive pleasure“. Nowhere better can such be recognized than in the elusive political rhetoric, which thickens the air in the run up to the U.S Presidential elections. Recently the


Labor Unions Are Traitors of Trade

Although the popularity of labor unions has adamantly declined over the decades and the participation rates among workers in trade unions has significantly diminished, still quite frequently unions return to mainstream awareness with quite bizarre actions and demands. All trade unions share one common characteristic:


Call for Papers

Call for papers for a special issue scheduled for 2016 on “Business management and Austrian economics”. Paper submission deadline is 1st of August, 2015. You can find more information about the special issue on “Business management and Austrian economics” in


Why the Euro Must Be Saved

Despite of the rather nadir state of the European common currency and the ECB’s hopeless efforts to push Greece towards crucial reforms, the Euro must survive for the sake of preventing the resurrection of dangerous monetary nationalism. If not, the world economic community is

Piketty’s Grandiose Trial and Error Is Revealed

Last year a brilliant economist Thomas Piketty became a world-wide superstar economist for the leftists. By integrating superb academics in to the complex debate on economic inequality under the capitalist axiom, Piketty’s book “Capital in the 21st Century” generated bold arguments, which shrug the


Post-Crisis European Union Is Disintegrating by Design

As the Euro-area keeps dragging from one pernicious recession to another, the crisis has actually created an unexpected and unintended consequence. Plenty of elusive discussions on the fundamental structure of the EU-system have materialized as the Brussels-apparatus is transforming from an omnipotent entity to a