Financial MarketsMoney and Banking
Works Published inSpeeches and PresentationsMises Daily ArticleQuarterly Journal of Austrian EconomicsThe Free Market
AwardsO.P. Alford III Prize in Political Economy
Dr. Thorsten Polleit, Chief Economist of Degussa and macro-economic advisor to the P&R REAL VALUE fund. He is Honorary Professor at the University of Bayreuth.
Booms and BustsMoney and Banking
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Money and BanksBusiness CyclesMoney and Banking
Some investors and entrepreneurs are good at guessing future trends. Economics, however, isn't what gives them the tools to do so.
Bureaucracy and RegulationMoney and Banking
Big banks like Deutsche Bank have the potential to take an entire economy hostage: When they get into trouble, they can drag everything down with them.
Money and BanksMoney and Banking
This timeless insight was already suggested by economist Ludwig von Mises in 1940.