The outbreak of World War I in 1914 came as no surprise to Mises. Unlike most of his contemporaries, however, he rejected the wild nationalism and imperialism that had gripped European societies, leading to the outbreak of war and ultimately the end of the relatively liberal period in Europe. As an artillery officer …

Ludwig von Mises was born on September 29, 1881 in Lemberg (Lviv, present-day Ukraine), but grew up and spent the first half of his life in the Austrian capital of Vienna. After returning to Vienna (most likely between 1883 and 1897), the Mises family rented a house in the suburbs at Friedrichstrasse 4, which today …

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 ...

The 24th anniversary of the fall of the Berlin Wall (November 2013) gives us a good reason to look back at the economic and philosophical foundations of Marxism; of the “scientific” communism that was supposed to lead humanity to the inevitable final stage of history and the end of the dialectical clash between classes. We all know what this experiment led to…

The actions and statements of the first hundred days of the government have made it clear that the cabinet intends to spend more than the previous one. However, the question of where the financing of the bloated public spending will come from has not been answered unequivocally.

The upcoming deal with POK Doverie has caused serious controversy, with one of the most widespread opinions being Dimitar Sabev's article "Distrust in the Second Pillar", published on the Solidarna Bulgaria website. As we can assume from the title of the media outlet, the article's bias is quite anti-market (after all, as we have been told many times before...

Following the first part of the series on the link between tall building construction and impending economic collapses, Kalin Mikov takes the theory behind this relationship and applies it to Bulgaria. If you haven't read the previous part, do so HERE.

Over the past 100 years, we have seen several distinct parallels between crises and construction, all of which have played out quite similarly. New York’s Singer and Metropolitan Life skyscrapers were completed in 1908 and 1909, at the height of the Panic of 1907. In the early years of the Great Depression, New York City’s buildings were rediscovered…

For the liberal-minded person, the protests against the Oresharski cabinet may be a reason for (rather) cautious optimism. The good thing about extremely brazen political actions is that they manage to illustrate the essence of the state for absolutely everyone with one grotesque example much better than countless articles and books on the subject.

Offnews published an article by Petar Georgiev (better known under his pseudonym Volgin), which claims to reveal the origins of “neoliberalism” and expose unsavory facts about this philosophical movement. Leaving aside the fact that neoliberalism means something different to every self-appointed critic, in this case it is used synonymously with libertarianism, …