Call for Papers!
The 9th International Vernon Smith Prize for the Advancement of Austrian Economics is an essay competition sponsored and organized by ECAEF European Center of Austrian Economics Foundation, Vaduz (Principality of Liechtenstein). This years’ topic Direct Democracy versus Representative Democracy. Cost and Benefits for the Citizenry! Although, democracy is fundamentally a method for preserving individual liberty and civil rights, this almost narcotic term has become so powerful today that all essential limitations on governmental power are breaking down …