Numerous elections are coming up—like tomorrow in Holland, as the country is oftentimes called in colloquial speech. The use of the term “Holland” as pars pro toto for the country Netherlands has been common since the 17th century when the county Holland came to be the most influential province in the Netherlands. The fact that with the capital Den Haag and the economic center Rotterdam two of the...

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Donald Trump fills the newspapers, shocks the establishment, and puts the fear of God into do-gooders of all countries. Consider the following three aspects: 1. Schumpeter Austrian economist Schumpeter became world famous by describing the process of “creative destruction,” which is inseparably connected with all new creations. What Schumpeter has described for the eonomy and what oftentimes...

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