Europe’s energy transition is usually described through a relatively simple set of numbers: how many solar panels have been installed, how much wind capacity has been added, how quickly emissions are falling, and how much fossil-fuel consumption has been displaced. These indicators matter. But they do not tell us whether the transition is economically well designed.
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An Economist’s Reflections on the Recent Eviction Case Involving an 82-Year-Old Woman in Madrid
In recent days, the temporary suspension of the eviction of an 82-year-old woman in Madrid has attracted considerable media attention. As an economist, I believe cases like this deserve careful analysis based on the facts, rather than solely on the emotions they inevitably provoke.
Continue readingWhy Political Economists Need Real-World Experience: Beyond the Ivory Tower
One of the most persistent problems in modern political economy is the growing separation between academic knowledge and practical experience. Universities produce increasing numbers of specialists who are highly trained in theory, statistical techniques, and academic writing. Yet many have limited exposure to entrepreneurship, finance, business decision-making, public policy implementation, or the economic realities faced by ordinary citizens.
Continue readingReflections from the 10th Austrian Economics Meeting Europe in Angers
From May 28 to May 30, I had the privilege of participating in the 10th Austrian Economics Meeting Europe, held in the historic city of Angers, France. Events like this remind me why academic exchange remains one of the most important elements of intellectual development.
Continue readingArtificial Intelligence, the Knowledge Problem, and Why Universities Will Become More Important, Not Less
Every technological breakthrough produces two kinds of reactions. The first is excitement—often exaggerated. The second is fear—almost always misplaced. Artificial intelligence is no exception. As large language models and memory-augmented systems advance, a familiar claim resurfaces: that university teaching and research will soon be automated away, and that professors will become obsolete. This argument misunderstands both artificial intelligence and universities. More importantly, it misunderstands knowledge itself.
Continue readingWhy Western Europe Is Falling Behind: Welfare States, Interventionism, and the Loss of Economic Vitality
To say that Western Europe is “poor” would be inaccurate and intellectually dishonest. Compared with developing countries, Western Europe remains wealthy. But that is not the correct benchmark. The real question is whether Western Europe has reached the level of dynamism, innovation, and economic vitality that its history, institutions, and human capital should allow. On this standard, the answer is increasingly no.
Continue readingEntrepreneurs, Not the State, Are the Driving Force of the Market Economy
In Human Action, Ludwig von Mises made a claim that remains deeply unsettling to statist thinking even today: the true driving force of the market economy is not the state, not bureaucratic planning, and not public authority—but entrepreneurs. This assertion is not rhetorical. It is a theoretical conclusion rooted in the logic of human action, the functioning of the price system, and the irreducible uncertainty of the future.
Continue readingWhy Milei Won Argentina’s 2025 Legislative Election
Argentina’s legislative election of 26 October 2025 was not merely a midterm. It was a referendum on whether the country would continue along Javier Milei’s path of fiscal stabilization, deregulation, and market reform, or drift back toward the Peronist cycle of inflation, controls, subsidies, and policy reversals. The electorate chose continuity. Milei’s La Libertad Avanza (LLA) won about 40.8% of the national vote, became the fastest-growing force in Congress, and secured the one-third threshold in the lower house needed to help sustain presidential vetoes and strengthen his bargaining position for the second half of his term.
That result was not an accident, nor can it be reduced to charisma or media theater. It reflected a harder political fact: by late 2025, enough Argentines concluded that Milei’s policies, however painful, were producing visible macroeconomic improvement, while the opposition still represented the memory of chronic inflation, fiscal disorder, and repeated policy whiplash. Some analysts tied Milei’s stronger-than-expected result to fear of renewed turmoil if austerity and reform were abandoned; polling analysts likewise said many voters were willing to give the government more time precisely because they did not want to relive earlier crises.
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