The Journal of Libertarian Studies

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Freedom and Prosperity in Liechtenstein: A Hoppean Analysis

The Journal of Libertarian Studies

Tags Free MarketsMedia and CultureProduction TheoryValue and Exchange

07/30/2014Andrew Young

Liechtenstein has long been recognized as one of the most free and prosperous countries in the world. However, there has been little analysis of Liechtenstein’s development because the scant research that existed was in German and therefore inaccessible to most American scholars. Furthermore, many saw no need to study Liechtenstein, viewing it as an accident of history with an anachronistic political system. Liechtenstein’s Monarchy, unlike the monarchies in most other European states, retains extensive powers and is involved in the day-today operations of government. In fact, in 2003, Liechtensteiners voted to give the Monarchy even more power, prompting the BBC to remark that they had “voted to make their prince an absolute monarch again.”

Volume 22, Number 1 (2010)

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Contact Andrew Young

Andrew Young is the director of graduate students and a research fellow at the Free Market Institute at Texas Tech University.

Cite This Article

Young, Andrew. "Freedom and Prosperity in Liechtenstein: A Hoppean Analysis." Journal of Libertarian Studies 22, No. 1 (2010): 273–293.