Austrian Economics Center | Hayek Institut

The Austrian Economics Center's goal is to help create a free, responsible and prosperous society. It promotes the ideas of the Austrian School of Economics.

[Austrian Economics Center | Hayek Institut @AustrianCenter]

In seinem aktuellen Kommentar für Selektiv plädiert Dr. Georg Vetter, Vorstandsmitglied des Hayek Instituts, für mehr Wertschätzung unternehmerischer Persönlichkeiten und ihren Mut, auch öffentlich Stellung zu beziehen.

Lesen Sie den vollständigen Kommentar: https://t.co/jwTkBaIIJJ

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Long-term challenges at the gym. 💪

[Austrian Economics Center | Hayek Institut @AustrianCenter]

It's a supermarket in the 1950s. 🛒

Everything looks perfectly ordinary. But something is missing. Something that would eventually change the way the entire world shops.

Can you figure out what it is? 👀

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Quote of the Week | Frédéric Bastiat

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Chat of the Week.

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Meme of the Day

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Quote of the Week | Ronald Reagan

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Wordplay of the Day. 🔥

[Austrian Economics Center | Hayek Institut @AustrianCenter]

We are pleased to welcome Max Rangeley to the Hayek Institute in Vienna on November 3 for an evening of discussion exploring the question: Is the West in Civilisational Decline?

November 3, 2026 | 5:00 PM
Hayek Institute, Vienna
Register here: https://t.co/JKN8UIPkxT

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Quote of the Week | Thomas Sowell

[Austrian Economics Center | Hayek Institut @AustrianCenter]

One group project. Absolutely no chance of reaching a consensus.

Who would you trust to lead the group?

[Austrian Economics Center | Hayek Institut @AustrianCenter]

What could a frozen pond in Massachusetts possibly have to do with the heat of Calcutta?

In the early 19th century, American entrepreneur Frederic Tudor saw a business opportunity where others saw nothing but frozen water.

He began shipping ice from New England to the Caribbean and eventually as far as India, overcoming enormous logistical challenges and helping create an international ice trade.

But Tudor wasn't simply selling frozen water. He was selling something people valued: comfort, preservation, and relief from the heat.

Decades later, Carl Menger's subjective theory of value would provide an economic explanation for this remarkable story.

So what determines the value of something: the good itself, or the importance we attach to it?

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Meme of the day.

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Same continent. Same year. Completely different housing markets.

In Q2 2026, house prices across the EU increased by 4.7% compared with the same quarter a year earlier. Bulgaria (+15.5%) and Lithuania (+14.3%) were also among the countries recording the strongest increases, while Luxembourg (−2.2%) and France (−0.8%) experienced declines.

The infographic compares annual house price changes in Q1 and Q2 2026, revealing where price growth accelerated, slowed, or turned negative.

Which European housing market surprises you the most?

Source: Eurostat, House Price Index

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Quote of the Week | Margaret Thatcher

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Meme of the day.

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Quote of the Week | Friedrich Hayek

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Meet the A·U·S·T·R·I·A·N·S. Part II

Israel Kirzner, Murray Rothbard, Friedrich von Wieser, and Fritz Machlup.

Which Austrian economist should join the cast next?

AI modified images.

[Austrian Economics Center | Hayek Institut @AustrianCenter]

By August 16, 2026, full-time employees in Austria had effectively spent 227 of 365 days working just to cover taxes and social contributions. That equals 62.12% of their total labour costs. From August 16 onward, they finally work for themselves.

[Austrian Economics Center | Hayek Institut @AustrianCenter]

Meme of the day.

AI generated image.