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09: The Austrian School of Economics and its significance today

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Alpbacher Hauptschule
Breakout / Working Group
German and English language

A group of brilliant thinkers – led by Menger, Böhm-Bawerk and Wieser – based in Vienna in the late 1800s were using revolutionary principles to reinvent economics. Eventually called „The Austrian School“ these men (later: Mises, Schumpeter, Schönfeld-Illy, Hayek, Haberler, Machlup, Morgenstern…) rejected the mechanical and deterministic approach of their colleagues, advocating instead a „pure“ economics that accounted for the role of individuals and their desires. The Austrian School reflected the recognition of risk and uncertainty in their models… and have done more for global wealth creation than possibly any other group. Never completely dormant the Austrian School of Economics today is enjoying a worldwide resurgence. Faced with the apparent break-down of the welfare state, the failing of Keynesian strategies, and the turmoil at international financial markets, the methodological subjectivism of the
Austrians again is in demand.

Chairman, Peter Jungen Holding GmbH, Cologne
Head of Consulting, PwC PricewaterhouseCoopers GmbH, Wien
Chairman, Institute for Global Economic Growth, Washington, DC; Member of the Board of Directors, Cayman Islands Monetary Authority
Professor of Law and Economics, George Mason University, Nobel Prize in Economic Sciences 2002, Fairfax
Professor of Political Sociology, Universität Bayreuth
President, Friedrich August v. Hayek Institute; Director, Austrian Economics Center, Vienna

Dr. Peter JUNGEN

Chairman, Peter Jungen Holding GmbH, Cologne

Co-Chairman of the Saudi-German Businessmens Dialogue CEO, steered its restructuring back to profitability, Strabag AG, Cologne Founder of Peter Jungen Hlolding GmbH, Cologne
  Chairman, Owner, Founder, Peter Jungen Holding GmbH
  Started his career with Otto Wolff Gruppe
1986-2004
1987
  Co-Founder and Investor in more than 60 start-ups in Europe and in the USA, including Idealo Internet GmbH
  Partner, Halo Fund, Palo Alto
1991
  Co-Founder, President, European Business Angels Network (EBAN)
  Co-Founder, President, International Angelinvestors.org, Palo Alto
  Co-Founder, President, European Enterprise Institute (EEI)
  Vice Chairman, German Machinery and Plant Manufacturers' Association (VDMA)
  Chairman, Center on Capitalism and Society, Columbia University, New York
  President of the Small and Medium Entrepreneurs Union of the EPP (SME-Union), Brussels

Mag. Helmut KERN

Head of Consulting, PwC PricewaterhouseCoopers GmbH, Wien

Studium der Betriebswirtschaftslehre, spez. BWL Controlling und Rechnungswesen, Wirtschaftsuniversität Wien Staatlich geprüfter Unternehmensberater, Wirtschaftskammer Österreich Managing Director, Austria, Deloitte Consulting Geschäftsführender Gesellschafter, Beyond Consulting GmbH (vormals Deloitte Consulting GmbH), zuvor Global Partner, Deloitte Consulting, Managing Director Österreich Geschäftsführender Gesellschafter, Beyond Holding GmbH
1990
1994
1996
seit 2003
seit 2006

Dr. Richard W. RAHN

Chairman, Institute for Global Economic Growth, Washington, DC; Member of the Board of Directors, Cayman Islands Monetary Authority

 Richard W. Rahn currently serves as a member of the Board of Directors of the Cayman Islands Monetary Authority. He is Chairman of the Advisory Board of the European Center for Economic Growth, a Visiting Fellow of the Heritage Foundation, and an adjunct scholar at the Cato Institute. He writes a weekly economic column for The Washington Times which appears in many other newspapers around the world. Previously, Dr. Rahn served as Vice President and Chief Economist of the Chamber of Commerce of the United States. He has written hundreds of articles for leading newspapers and has contributed to numerous books and professional journals, and is the former Editor-in-Chief of the Journal of Economic Growth. He has testified before the U.S. Congress on economic issues more than seventy-five times, and is a frequent commentator on radio and TV. He holds Ph.D. in Business Economics from Columbia University.

Vernon L. SMITH

Professor of Law and Economics, George Mason University, Nobel Prize in Economic Sciences 2002, Fairfax

 He received his bachelor's degree in Electrical Engineering from Cal Tech, and his Ph.D. in Economics from Harvard. He has authored or co-authored over 200 articles and books on capital theory, finance, natural resource economics and experimental economics.
 He serves or has served on the board of editors of the American Economic Review, The Cato Journal, Journal of Economic Behavior and Organization, the Journal of Risk and Uncertainty, Science, Economic Theory, Economic Design, Games and Economic Behavior, and the Journal of Economic Methodology.
 He is past president of the Public Choice Society, the Economic Science Association, the Western Economic Association and the Association for Private Enterprise Education. Previous faculty appointments include the University of Arizona, Purdue, Brown University and the University of Massachusetts. He has been a Ford Foundation Fellow, Fellow of the Center for Advanced Study in the Behavioral Sciences and a Sherman Fairchild Distinguished Scholar at the California Institute of Technology. He received an honorary Doctor of Management degree from Purdue University, and is a Fellow of the Econometric Society, the American Association for the Advancement of Science, and the American Academy of Arts and Sciences.
 He has served as a consultant on the privatization of electric power in Australia and New Zealand and participated in numerous private and public discussions of energy deregulation in the United States. In 1997 he served as a Blue Ribbon Panel Member, National Electric Reliability Council.

Dr. Michael ZÖLLER

Professor of Political Sociology, Universität Bayreuth

and /1972 University Training in Frankfurt, Würzburg and München (Philosophy, History, Political Science and Sociology) Dr. phil., München, (summa cum laude) Dozent (Hochschule für Politik) Visiting Professor University of Notre Dame Chairman (Dekan)
1966-1969
1971
1973
1975-1979
1986
1988-1991
 Present Positions:
 Professor (Chair) of Political Sociology,
 Director Center for American Studies at Universität Bayreuth
 President "The Council on Public Policy"
 Adjunct Ordinary Professor of Government at Catholic University of America, Washington D.C.

Mag. Dr. Barbara KOLM

President, Friedrich August v. Hayek Institute; Director, Austrian Economics Center, Vienna

Assistant Professor, Department of Tourism and Service Economics, University of Innsbruck President, F. August v. Hayek Institute
1994-1997
since 2000

Wirtschaftsgespräche

Timetable einblenden
kategorie: Alle Breakout Plenary

31.08.2005

12:00 - 12:15 Eröffnung Plenary
12:15 - 14:00 Globalisierung: Untergang der alten Ordnung? Plenary
14:15 - 14:45 Special Lecture: Globalisierung: Untergang der alten Ordnung? Plenary
14:45 - 16:30 Special Lecture: Medien und Globalisierung Plenary
17:00 - 18:30 Nationalstaaten und Unternehmen in Konkurrenz? Plenary

01.09.2005

07:00 - 08:30 Globale-, Nationale- und/oder Selbstregulierung: Wer/was ersetzt den Nationalstaat? Plenary
09:00 - 10:30 Weltfinanzsystem und Nationalstaaten Plenary
12:00 - 15:00 Working group 09: The Austrian School of Economics and its significance today Breakout
13:00 - 16:00 Arbeitskreis 10: Liberalisierung der Dienstleistungen Breakout
13:00 - 16:00 Arbeitskreis 02: Financing infrastructure projects in Central and Eastern Europe Breakout
13:00 - 16:00 Arbeitskreis 08: Regionalentwicklung im Spannungsfeld von Markt und Politik Breakout
13:00 - 16:00 Arbeitskreis 06: PPP und Infrastruktur im Gesundheitswesen Breakout
13:00 - 16:00 Arbeitskreis 07: Medien und Globalisierung Breakout
13:00 - 16:00 Arbeitskreis 03: Globalisierung – Chance oder Gefahr. Öffnung der Agrarmärkte am Beispiel Zucker Breakout
13:00 - 16:00 Arbeitskreis 01: CSR und Zivilgesellschaft Breakout
13:00 - 16:00 Arbeitskreis 05: Tourismus als Motor für Wachstum und Beschäftigung Breakout
13:00 - 16:00 Arbeitskreis 04: Internationale Finanzmärkte und Finanzierung Breakout
13:00 - 16:00 Arbeitskreis 11: Corruption as a global factor of (im)potence Breakout
17:00 - 18:00 Special Lecture: Europa und Afrika miteinander? Plenary

02.09.2005

07:00 - 10:30 Politische Perspektiven Plenary
10:30 - 10:40 Schlussworte Plenary