To what extent might competition become a basis for the money supply process? Is private competition in the money supply viable and useful or do we need a government monopoly on money? Dealing with these questions and others, Paul Terres outlines a competitive framework within which monetary...

Demographic change and the financial difficulties in the social security systems this has caused have led to a public discussion focusing on the issue of intergenerational justice. In addition to the fundamental empirical and philosophical issues, the contributors to this volume analyze...

Social justice poses the question of the mutual commitments to which members of society can be bound, and the reasons for this. Elmar Nass examines whether or not this is true and if so, which social standards may counteract discretion. (Published in German.)

The continuing discussion about the future of the social market economy is producing new headlines daily with detailed suggestions for the restructuring of our economic and socio-political system. A fundamental conceptional analysis of this subject has however not been done up to the present....

Friedrich August von Hayek's memory and the esteem in which his work is held apply more to his political visions than they do to his economic and political analyses. Christopher Holl shows that this assessment does not do justice to Hayek's work. He comes to the conclusion that Hayek's cognitive...