Jeffrey Tucker I'm thrilled when McDonald's hamburgers get the attention they deserve. That's what happened last year, when Stephen Dubner, co-author of "Freakonomics," made the provocative claim that they're the cheapest, most nutritious food in human history. The fact that we dare to reject that claim actually shows how spoiled we are. …
More »2014.08
Commissioned science, economic principles and the Bulgarian Academy of Sciences
At the very end of last week, the results of a study commissioned by the Ministry of Labor and Social Policy and conducted by the Bulgarian Academy of Sciences were published, which concluded that: "Minimum social security income (MSI) and the minimum wage (MW) do not negatively affect employment and do not reduce it." These are ...
More »Price controls – a recipe for economic problems
The law is very rarely – or rather, almost never – a reflection of reality. On the contrary – the law is a reflection of the will of the legislator regarding what reality should be. It is for this reason that most attempts to model human behavior with the help of legislation are doomed ...
More »Victims of totalitarianism, whataboutism and what to remember
Today we honor the victims of totalitarianism, especially two of its most horrific manifestations – Nazism and Communism, which led to the deaths of millions and the destruction of human well-being for decades. On this occasion, we have published some statistics from “The Black Book of Communism”, a volume by Harvard University Press, in which …
More »PISA 2014: Nothing new in Bulgarian education
A year ago, I dedicated an entire study to the various quantitative and qualitative criteria for evaluating secondary education, and the most interesting data and conclusions came from the international representative surveys - PISA, TALIS and PIRSL. The reason for this is mainly the fact that they allow us to compare the product of our educational system with that of ...
More »Guest article: How the Israeli-Palestinian peace process degenerated into Operation Protective Edge
The Israeli army's military operation "Defensive Edge" in the Gaza Strip has further shaken Israel's already unenviable regional reputation as an aggressor and occupier. This has been contributed by the many civilian casualties among Palestinians (over 1,900 according to data from August 7), but also by the Palestinians' ability to present themselves as ...
More »Argentina presents a lesson on how to destroy the beef industry
Paul Kuek We often complain about government and how it makes farming more difficult. But the situation could be much worse. Take Argentina, for example. The country’s producers were some of our biggest competitors just seven years ago.[1] In 2005, Argentine farmers produced more than 3.1 million tons of …
More »Where are you going, Russia?
In the months since the annexation of the Crimean peninsula, Russia's policy has shifted significantly. The country has been visibly trying to reduce its dependence on Western markets and cushion the economic damage caused by mounting sanctions against key Russian companies and individuals, including companies close to Vladimir Putin's regime from …
More »The anti-market reforms of the Oresharski cabinet – part two
In the first part of the series on the anti-market actions of the cabinet formed in the last parliament by the three parties (BSP, DPS and Ataka), we examined some of their harmful decisions and actions, including the increase in debt, measures against ERPs, the increase and maintenance of risk in the business environment, populist actions, such as the increase …
More »Five facts about fracking you probably don't know
Martin Tillier I would bet that most people in the developed world are already familiar with the essence of hydraulic fracturing, or “fracking.” For those who aren’t, it’s a technique used to extract oil and gas from previously inaccessible underground shale (rock formations). Fracking has had a major impact on the energy industry …
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EKIP– Expert Club for Economics and Politics A Different Opinion