Die deutsche Volkswirtschaft gibt Rätsel auf: Einerseits ist Deutschland Export-(Vize-)Weltmeister, andererseits leidet es unter einer anhaltenden Wachstums- und Beschäftigungsschwäche. Ist das Exportwachstum Ausdruck ungebrochener internationaler Wettbewerbsfähigkeit und die Wachstums- und...

We propose an alternative to the Constitutional Treaty drafted by the European Convention. Our proposal effectively limits the domain of government at the Union level. It takes the incentives of the European public actors into account. We propose a second chamber of European Parliament composed...

Terrorism is becoming a weapon of ever increasing importance to reach certain ends, given the potential of mass destruction available to leading international powers and the rise of one superpower dominating the international system. In most cases terrorism is driven by an ideology comprising a...

Starting from a discussion of Schumpeter's analysis of the relationships of capitalism, socialism and democracy, it is shown that, in a complex society, democracy is only compatible with a decentralized market economy with safe property rights. But in time democracy shows a tendency to weaken...

The estimation of an ordered probit model for currency reforms attempting to end 31 hyperinflations and three huge inflations of the twentieth century shows that the introduction of an independent central bank and the adoption of a credibly fixed exchange rate are crucial for the success of a...