Two-thirds of European countries
However, monetary transactions only account for a small part of the economic area. Economic activity is spurred by production which makes use of natural assets, labor and capital.
Consequently, his analysis has the potential to dramatically impression the conceptual foundations of economics for generations to return in a method that few scholars ever will. Fehr’s analysis has earned him many accolades. He has held a professorship of Microeconomics and Experimental Economics at the University of Zurich, and is currently the director of the economics division. He previously served as president of the Economic Science Association and the European Economic Association. He can also be an honorary member of the American Academy of Arts and Sciences, as well as a John Kenneth Galbraith Fellow of the American Academy of Political and Social Sciences.
Hayek’s ‘Road to Serfdom’ (1944) is a greatest-selling defence of classical liberalism and a … Read More