National debt and economic literacy in uncertain times

Economic events affect each and every one of us, yet many people regard economic issues as an impenetrable “black box”. Martin Wagner, Professor of Economics at the University of Klagenfurt, sheds light on the much-debated topic of national debt and stresses the importance of increased economic literacy.

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The world is waiting for you: Why you should study “International Business and Economics” and the skills you will need for this degree

The world is yours to enjoy with a degree in “International Business and Economics”. We asked Programme Director Dmitri Blüschke to tell us about the unique features of this English language Bachelor’s degree and to explain what distinguishes it from “traditional” business degrees.

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Online Conference on Mechanism and Institution Design (11th-13th June 2020)

Our 2020 conference will take place in an online environment on Thursday-Saturday, 11th-13th June 2020, hosted at the Department of Economics, Alpen-Adria-University of Klagenfurt/Celovec, Austria.

The confirmed keynote speakers are:

  • Pierpaolo Battigalli, Bocconi University
  • Johannes Hörner, Yale University
  • Benny Moldovanu, University of Bonn

For more details please look at:

The maximizing human being

Paul Schweinzer, a micro-economist at the Department of Economics, is unable to say how happy the human species is and whether progress makes people happier. By focusing on the things that are most essential, however, he can calculate how to maximise the welfare of a society.

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Is a team composed of the best always the best team?

At the Olympic Games in Sochi 2014, Russia’s ice hockey “dream team”, programmed for gold, lost to Finland during the quarter finals following a series of disappointing games. They were eliminated even though the team was effectively comprised entirely of superstars, the most powerful individual players from all of the nation’s teams. Was it a simple coincidence, or is there a systematic explanation?

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More (open) facts for everyone: Publication of the new open access journal “Journal of Mechanism and Institution Design”

Research conducted at state universities is mostly financed with public money: As such, knowledge is a public good and should therefore also be publically accessible. Tradition dictates that research results are published in scientific journals, which are of vital importance for the career paths of researchers. However, even today, these journals are usually published by large publishing houses, whose respective business models prescribe the raising of revenues from public libraries and academic institutions. This is the case even though almost all of the articles that come to be published are penned by researchers who are largely publically funded. What is more, to a significant extent, the selection and peer review process applied to the articles is also conducted by researchers who receive publically funded salaries. In most instances, the performance of these duties – generally considered to be part of the scope of reputable academic activities – goes unpaid. Meanwhile, over the past few years, the trend towards “open access” has steadily gained pace: Conventional journal contributions are either “bought out” from authors’ contracts and published in a publically accessible manner (green road), or articles appear in journals established specifically for this purpose, which are committed to the provision of open access (gold road). The first batch of open access journals following the “gold road” is now beginning to emerge in the economic sciences, among them the recently initiated “Journal of Mechanism and Institution Design”.

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