The Viennese culture of conversation: Understanding and defending fragile orders

by Stefan Kolev* For a better understanding of the turbulences of our time, studying those earlier politico-economic debates which focused on fragile orders of economy and society can certainly prove insightful. In The Viennese Students of Civilization, Erwin Dekker addresses such an age and interprets the works and impact of economists often labeled as the …

Thomas Mayer: “I am an Austrian in Economics”

by Andreas Hoffmann In today's publication Thomas Mayer writes that he is "an Austrian in economics." Mayer is the chief economist of Deutsche Bank Group and head of Deutsche Bank Research. Mayer argues that Austrian theory fits recent events well.  He suggests that "Failure of the liquidationists to overcome the Great Depression of the early …

A (Social) Capital Idea!

by Sandy Ikeda Over at The Austrian Economists Dave Prychitko writes: I still have trouble with the concept of Social Capital. I know what it means. Peter Berger encouraged us to read and discuss Granovetter fifteen years ago, and we did. Enjoyed it, and thought it was a great breakthrough in understanding networks, tacit knowledge, …