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More »The Historical Beginnings of Banks: On Banks and Power
If the activity of bankers/banks, even in the earliest existence and formation of banking, is to store deposits and, based on the available funds, to grant loans, then it is appropriate to trace the contractual relations in this process. If a person has great wealth – measured in money/barter goods, …
More »"The Broken Window" - the Most Common Economic Fallacy
It is often observed that incompetent economists are better at spreading their errors among the public than competent economists are at spreading the truth. The reason for this is that bad economists actually introduce people to half-truths. They only talk about the short-term effects that a given policy would have on a specific group of people. To solve this problem …
More »12 economic ideas everyone should be familiar with
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 …
More »Origin and economic importance of Christmas
Christmas is the most commercialized holiday of the year?! While it is stigmatized with such statements, people rarely think about where Christmas comes from and what they actually celebrate. With this article, we bring some clarity to the historical origin of the holiday and its modern significance, especially in economic terms. How was Christmas born? The distant history Interesting …
More »The debate over doner kebabs shows a lack of evidence-based policies
Author: Bill Wertz, vocaleurope.eu The latest move by the Social Democrats and Greens in the European Parliament has called for a gradual phasing out of phosphate in doner kebabs. Or at least that’s what the headlines were saying until the Social Democrats’ wing came out with the claim that this was actually fake news. The popular Turkish dish is …
More »The life and philanthropy of Ivan Denkoglu
On November 30, 1781, Ivan Denkoglu (Ivan Nenov Denkov) was born. He is known as the "benefactor of Sofia" and is one of the great donors of education and science during the Bulgarian Renaissance. Denkoglu was born into a poor family of the tailor Neno in the Sofia village of Balsha. As a child he was a shepherd ...
More »The little shepherd who became a king through his hard work - the Bulgarian Henry Ford
On November 3, 1943, Avram Chalovski died. He was known as one of the most significant Bulgarian industrialists and prominent donors at the beginning of the 20th century. He was called the "Bulgarian Henry Ford" by his contemporaries. He was born in 1854 in the then village of Galichnik on the territory of the Ottoman Empire, today part of …
More »26.10 - The State Academy of Music becomes an independent institution
On October 26, 1954, the State Academy of Music was transformed into an independent educational institution. At the same time, it was renamed the Bulgarian State Conservatory. It changed its name several times - in 1995 it was renamed the State Academy of Music "Prof. Pancho Vladigerov" after the famous Bulgarian composer Pancho Vladigerov, and since 2006 ...
More »No gods or kings, only man (alone) or the myth of Ayn Rand's inverted Marxism
When you don't understand something - read it a second time, if you still don't understand it - read it several times until you get it. If that doesn't work - start criticizing what you didn't understand or at best the little you did understand. This article is a response to the review of …
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EKIP– Expert Club for Economics and Politics A Different Opinion