“I would like to set out in this book the reasons why the traditional state as a monopoly enterprise not only is an inefficient enterprise with a poor price-performance ratio, but even more importantly, becomes more of a danger for humanity the longer it lasts.”

Hans-Adam II, Reigning Prince of Liechtenstein

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AI won’t destroy prosperity. Fear and overregulation might. Instead of embracing AI’s potential, Europe risks regulating away its own competitiveness. Prince Michael of Liechtenstein on why optimism, not fear, should guide our future.

09.10.2026

By demonstrating that the mainstream economic concept of ‘equilibrium’ generally fails to adequately account for the role of time, Rosenstein-Rodan sparked a heated international debate and made a significant contribution to the development of the ‘Cobweb Theorem’.

Freshwater and saltwater economists debated for a generation before the field converged on a synthesis. Was this a paradigm clash or a family feud, and why the distinction matters?

05.10.2026

In 1875 William Stanley Jevons set out the classical checklist for whether a thing can serve as money: durability, portability, divisibility, uniformity, limited supply, and acceptability.

04.10.2026