Ludwig von Mises 200 years ago, before the advance of capitalism, a person's social status was the same from the beginning to the end of his life; he inherited it from his ancestors and never changed it. If a person was born poor, he always remained poor, and if …
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Canadian Educational History - The Rise of a University
Roger Martin reached out his hand to the cloudy Canadian sky on October 17, 2012. A few raindrops wet his palm as he stood with his back to the University of Toronto main building, where he had just left. He turned his head for a moment and surveyed the ancient buildings. Most of them dated from the period …
More »The new totalitarian Penal Code
Няма две мнения по въпроса, че управлението БСП-ДПС, поело юздите на политическия живот на България през последните осем месеца, е постоянен генератор на лоши политически идеи и законодателство. Управляващите имат намерение да облагат с допълнителни данъци производителите на електроенергия от възобновяеми източници, което вероятно ще доубие този бизнес. Друг интересен …
More »What the Consumer Price Index (Doesn't) Tell Us
Very soon, the NSI released the inflation data for 2013, which were interpreted on the same day on BNT in the following way: "We have recorded the lowest annual inflation in 23 years. According to the National Statistics Office, this is a deflation of 1.6 percent." [1] It turns out that the data is for December...
More »The Labor Theory of Value and Capitalist Exploitation
This article examines major problems in one of the fundamental constructs of Marx's theory of capitalist economics. The shortcomings of the labor theory of value are pointed out in Marx's Capital to show how this leads to the collapse of "capitalist exploitation" as a thesis. The subjective theory of value in ...
More »Universities and fiction – the rating system of Bulgarian higher education institutions
It's mid-January and the results of the university rankings are already out. While prospective students and their parents wait for the overloaded server to load where it would be best to enroll in the fall (in case they stay in Bulgaria), here we will offer them an alternative view of the ranking itself – how much …
More »The clerks - out of the kitchen
The extent to which government authorities have taken on the daunting task of looking after people’s health is startling. The latest – and rather absurd – example is the EU’s intention to limit the amount of cinnamon in food[1] on the grounds that it contains a toxic substance that could …
More »What bureaucrats and journalists don't understand about free education – reactions against homeschoolers
This text is inspired by the journalistic coverage of the successes achieved by a homeschooled boy from Smolensk. And more specifically, by the conversation in the studio of the morning block on bTV between the host Genka Shikerova and the guests, who represent, on the one hand, the Ministry of Education and, on the other, a group of parents who are fans of democratic learning. Tatyana …
More »Is China facing a financial crisis?
Fears of a financial crisis in China have come to the fore again after, shortly before the end of 2013, 7-day interbank interest rates jumped to levels above 10% for the second time in the last 6 months. In response, the central bank intervened, injecting around …
More »Peter Volgin's Market Fundamental Mistakes
Mr. Volgin's comment begins like this: "Last year, a trend became noticeable in Bulgaria, which I strongly hope will become even more visible in 2014. I mean the trend in thinking. And as we know from Plato, the most important thing is the thought, the most important idea. In order to get one ...
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EKIP– Expert Club for Economics and Politics A Different Opinion