Macroeconomic Monitor
Начало / Пенчо Пенчев (страница 6)

Pencho Penchev

Professor Pencho Penchev is a lecturer in "Economic History" at the Department of "Political Economy" at the Faculty of General Economics of the University of National and World Economy.

The First Bulgarian Five-Year Plan

Five-year plan is the abbreviated name of the five-year plans, through which economic development is centrally controlled and planned under socialist conditions. That is why the socialist countries of Eastern Europe are often called countries with central planning, although five-year plans also exist outside the Eastern Bloc. The implementation of the economic goals set by the political leadership …

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The Catastrophe of the First Bulgarian Capitalism and Its Roots

Bulgarian capitalism

The first Bulgarian capitalism roughly covers the period from the Liberation in 1878 to the September 9th coup in 1944. The economic, social and cultural achievements of these decades are the subject of numerous assessments. Even the most optimistic among them do not show particularly impressive results. Results of the first Bulgarian capitalism From 1878 to 1944 …

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Who does the state help when it promotes the economy?

Bulgarian economic history cannot provide a universally valid answer to this question, but it can suggest in which direction to look. Therefore, it is worth paying a little attention to some of the supposedly “generally accepted” truths about Bulgaria’s economic past. Among them, one can point out the almost axiomatic statement that the economic …

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The sadly forgotten principles of the Tarnovo Constitution

the Tarnovo Constitution

If democracy is the rule of the majority, then the constitution is the mechanism that must ensure the rights of the individual against encroachments by this same majority. In the historical development of modern Bulgaria, four constitutions have operated – the Tarnovo Constitution of 1879, the so-called Dimitrov Constitution of 1947, the Zhivkov Constitution of 1971…

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Myths and lessons from the Bulgarian Renaissance

the Bulgarian Renaissance

Historical knowledge is overgrown with myths. The reasons for this can generally be reduced to two. First, the past is usually projected with political or other goals of contemporary elites and their court historians. The other reason for the mythologizing of the past is its use as a means of escape from …

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