Profiles

Hayek’s crucial insight that a fundamental banking reform is a prerequisite for monetary reform aiming at international stability is timely today.

This ambitious new book on the foundations of money and monetary institutions is an impressive interdisciplinary exercise.

The role of the algorithm is to ensure a declining progression of the overall stock of bitcoins, by halving the reward every four years.

Abstract: This paper raises the question whether the Economic Nobel Prize is ideologically biased. Based on a review of a significant number of the Prize Committee’s award justifications, the article concludes at a persistent bias against private property and the free market and in favour of...