The great Austrian economist, Joseph Schumpeter, argued that it is entrepreneurs, or ‘wild spirits,’ who inspire innovation and technological change in a nation. Schumpeter coined the German word “Unternehmergeist,” which literally means “entrepreneurial spirit,” and reasoned that it is entrepreneurs who make the economy of a country strong…
Evidence from the United States and Germany The purpose of this essay is to evaluate the pillars of democratic resilience in the United States and Germany. It focuses on the …
The next U.S. president will be confronted with a plethora of global challenges: war in Europe, a disordered trading system, growing geopolitical competition and a more assertive China, disruptive new …
A European Initiative to Put NATO on a Sustainable Footing Shortly after entering office in 2021, U.S. President Joe Biden exclaimed at the (virtual) Munich Security Conference that “America is …
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