Richard N. Lorenz, FEE When I tell someone that I work at the Foundation for Economic Education, I often get the question back: “What are the economic ideas that people need to understand?” At FEE, we’ve been thinking about this question a lot in our articles, coursework, seminars, and videos. We’re generally …

Author: David Friedman, translation of an excerpt from "The Machinery of Freedom" The concept of property is of fundamental importance to our society and probably to any functional society. On an operational level, it is understandable to any child over the age of three. On an intellectual level, however, almost no one …

01:55 - Who is David Friedman and what are his contributions to libertarianism? 18:37 - What is happening in the real estate market in Bulgaria? Is there a bubble? 34:00 - What will be the effects of increasingly strict regulations on construction? 44:03 - The insane escape from Sofia Central Prison. 48:30 - The file of Yulia Krasteva …

The Bulgarian Army was formed as one of the important national institutions after the Liberation. It was supported by Bulgarian taxpayers and was entrusted with the task of protecting the national state in the powder keg called the Balkan Peninsula. Some of the truest heroes, before whom we rightly bow our heads, served in the Bulgarian Army. Part …

Undoubtedly the most well-known and widely used indicator of macroeconomic performance is gross domestic product. Like many other historical events, it is difficult to determine who and when began measuring national income. Interest in accounting at the national level emerged in the nineteenth century and, more specifically, the rapid economic growth during …

By Tyler Cowen for Bloomberg View You might be one of those people who thinks being “analytical” is a good thing. We usually associate “analytical” with people who are intelligent, knowledgeable, and relatively unbiased in their assessments. You might think that politics is a field where you can be …