Antony P. Mueller is a professor of economics at the Federal University UFS in Brazil where he is also a researcher at the Center of Applied Economics, and Senior Fellow of the American Institute for Economic Research. Antony Mueller earned his doctorate in economics summa cum laude from the University of Erlangen-Nuremberg, Germany. He was a Fulbright Scholar in the United States and a visiting professor at the Universidad Francisco Marroquin (UFM) in Guatemala as well as a member of the German academic exchange program DAAD. Antony Mueller has recently published the book “Beyond the State and Politics. Capitalism for the New Millennium”.
Articles by Antony Mueller
Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.
In 2018, all major institutions that provided the basis for the international order since the second half of the past century have come under fire, from NATO and the United Nations, to the role of the World Bank and the International Monetary Fund, to the World Trade Organization and the European Union. China flexes its muscles and challenges the role of the United States while the US president promotes protectionism and isolationism.
While Karl Marx has served as the supplier of the political slogans, the economist Michal Kalecki has provided the guidelines for the actual policy in many parts of the world.
The financial part of the Marshall plan was not the decisive factor in the West European recovery. What mattered was economic liberalization, relative monetary and fiscal stability, and the promotion of economic integration.
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the collapse.
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.
At the end of the Second World War, the United States assumed the helm of global leadership at the international monetary conference at Bretton Woods in the New Hampshire in 1944. The purpose of this conference was to determine the principles of the postwar currency regime.
Modern central banking claims to make the money supply more elastic to stabilize the economy. The rationale says that left to itself, the market economy is unstable. Yet the evidence suggests the opposite: that modern central banking is the main culprit for boom and bust.