Liechtenstein is small, and therein lies its contribution to the Austrian School.
Where large states tend towards centralisation, a princely, decentralised polity has held on here, one that, as a last remnant of more feudal times, at times even outdoes Switzerland.
The Alpine region brought forth a high-trust culture with low time preference, that foundation of prosperity which Wilhelm Röpke praised in the free Alpine farmer. The theoretical elaboration came from others: Gottfried von Haberler, after whom the annual ECAEF conference in Vaduz is named, and Hans-Hermann Hoppe with the idea of the „thousand Liechtensteins“.
In Vaduz the European Center of Austrian Economics Foundation tends this tradition to this day. mises.li builds on it and places the small state and decentralisation before the shared database of mises.at.
mises.li opens the same holdings as mises.at. An entry by way of the small state, decentralisation and the Alpine region:
From the library, now and then
A quiet newsletter on newly opened works, contributions and podcast conversations. Infrequent, never intrusive.
„Liechtenstein, als letztes Überbleibsel feudalerer Zeiten, überflügelt teils sogar die Schweiz.“