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The debate on whether political decentralization and interstate competition favor economic growth can be traced to the work of David Hume and Immanuel Kant. Bernholz ( ... More
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Classical liberals dislike centralisation; they prefer decentralised decisionmaking because it takes into account individual preferences and permits competition among ... More
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In the 1999 IEA Hayek Memorial Lecture, reprinted in Occasional Paper 111, Otmar Issing, the eminent monetary economist and one of Europe's most influential central bankers, ... More
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