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.
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Why 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.
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William Wang 