500 years ago, Martin Luther launched a campaign against the financial corruption and moral decay of the Roman Catholic world. At that time, the Western church had been transformed from a voluntary religious community into a totalitarian political institution aimed at accumulating power and wealth. Luther rightly insisted that the long-delayed spiritual reformation could not be …

If you're in a hurry to get from point A to point B, you're in Paris, and you have a smartphone at hand, you can use a mobile app to request a car to come to your service. But, for the sake of a fairer world, you'll have to wait at least 15 minutes before you can drive off. The French government …

Frank Hollenbeck The gap between rich and poor continues to widen. In 1975, the richest 1% of the population held 8% of the economic pie; now they own over 20%. This is a striking change from the 1950s and 1960s, when the richest owned just over 10%. Research by Emmanuel Saez has shown that between …

This is an abridged version of the report presented by Daniel Vassilev during the First Meeting on Free Education, organized by the National Network of Parents. When comparing economic indicators – such as GDP per capita and labor productivity – of Bulgaria and a Western country, especially non-economists rarely …

The effects of the disastrous monetary and housing policies pursued by the American government in the early years of the new century became visible around 2008 with the so-called beginning of the financial (later economic) crisis. In law, the economic distortions had long been present, and what we observed after the bursting of the bubble was actually the experience …

Economists are said to be the downfall of any party. Maybe because, unlike most people, we know that there are no easy solutions in life, only painful compromises. For example, I have never used drugs myself. Not because they are expensive, illegal, or I doubt that they would be fun. Even …

This year is shaping up to be a very interesting one for global financial markets, but unlike the previous five, which focused on developed economies and their debt problems, attention is now shifting to the East. It's not that the West has managed to overcome its problems and is now confidently...