Peter J. Boettke, Alexander W. Salter & Daniel J. Smith: Money and the Rule of Law

Contemporary monetary institutions are flawed at a foundational level. The reigning paradigm in monetary policy holds up constrained discretion as the preferred operating framework for central banks. But no matter how smart or well-intentioned are central bankers, discretionary policy contains information and incentive problems that make macroeconomic stability systematically unlikely. Read more…

Wolfgang Kerber and Karsten Zolna: The German Facebook Case: The Law and Economics of the Relationship between Competition and Data Protection Law

Can competition law also take into account effects on privacy or should privacy concerns of data-collecting behaviour only be dealt with by data protection law? In this paper, we are analysing the German Facebook case, in which certain terms of service (that force consumers to give consent for merging personal Read more…