Heike Walterscheid & Thomas Petersen: Wie soll das Volk entscheiden? Chancen, Risiken und Voraussetzungen der direkten Demokratie

(Publication only available in German) Dieses Buch beleuchtet aus interdisziplinärer und ländervergleichender Perspektive, unter welchen Bedingungen direkte Demokratie funktionieren kann, wo ihre Chancen und Risiken liegen und welche Rolle dabei die politische Bildung, die politische Kulturtradition eines Landes, der Zusammenhang von Entscheidung und Verantwortung und der Grad der Kleinräumigkeit und Read more…

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…

Joachim Zweynert: When Ideas Fail – Economic Thought, the Failure of Transition and the Rise of Institutional Instability in Post-Soviet Russia

In the history of Russian economic ideas, a peculiar mix of anthropocentrism and holism provided fertile breeding ground for patterns of thought that were in potential conflict with the market. These patterns, did not render the emergence of capitalism in Russia impossible. But they entailed a deep intellectual division between Read more…