New article in Q1 JCR journal on mass hysteria and COVID.

In this article, we aim to develop a political economy of mass hysteria. Using the background of COVID-19, we study past mass hysteria. Negative information which is spread through mass media repetitively can affect public health negatively in the form of nocebo effects and mass hysteria. We argue that mass and digital media in connection with the state may have had adverse consequences during the COVID-19 crisis. The resulting collective hysteria may have contributed to policy errors by governments not in line with health recommendations. While mass hysteria can occur in societies with a minimal state, we show that there exist certain self-corrective mechanisms and limits to the harm inflicted, such as sacrosanct private property rights. However, mass hysteria can be exacerbated and self-reinforcing when the negative information comes from an authoritative source, when the media are politicized, and social networks make the negative information omnipresent. We conclude that the negative long-term effects of mass hysteria are exacerbated by the size of the state. View Full-Text


1 2
February 11th, 2021

COVID-19 and the Political Economy of Mass Hysteria

New article in Q1 JCR journal on mass hysteria and COVID. In this article, we aim to develop a political […]

January 26th, 2021

Nueva página web del Master en Economía Austriaca

Tenemos una nueva página del Master en Economía de la Escuela Austríaca:

January 26th, 2021

New Website for Master in Austrian Economics

We got a new website for our Master programme in Austrian Economics: Take a look:

September 4th, 2020

Master en Economía Austriaca

Tenemos una nueva página web: Somos únicos The website will be available in English soon. The only Master in Austrian […]

January 15th, 2017

Wir schaffen das – alleine !

»Nur die Vereinigten Staaten von Europa werden es den Europäern ermöglichen, im Wettbewerb mit Asien und Amerika bestehen zu können!« […]

November 22nd, 2016

Presentación libro “Por qué otros se hacen cada vez más ricos a tu costa”

Majadahonda 30.11. 18:30 Biblioteca Municipal

September 27th, 2016

Ludwig von Mises Konferenz 2016: Irrwege der Geldkritik

Am 08. Oktober 2016 spreche ich auf der Konferenz des Mises Instituts Deutschland über Irrwege der Geldkritik. Dabei gehe ich vor […]

September 27th, 2016

Ludwig Erhard Preis

Am 20. September 2016 wurde mir in Berlin die Ehre zu teil, den Ludwig Erhard Förderpreis für Wirtschaftspublizistik zu erhalten. […]

September 27th, 2016

New book: Blind Robbery

Our book “Blind Robbery” has been published. Find it here. It is the English language version of our best seller: […]

March 17th, 2016

Nuevo libro en español

Se acaba de publicar nuestro bestseller en España: ¿Por qué el sistema monetario es el culpable de la progresiva desigualdad social? […]