In 2016, industrial robots won the presidential election of the world’s largest economy for Donald Trump. No, artificial intelligence has not yet reached a level where it can consciously make decisions on its own (including in the field of politics), nor have concerned activists influenced R2D2[1] or its more primitive …
More »The advantages and disadvantages of international trade
Author: Simona Zlatkova The purpose of this article is to analyze the publication “Indirect Damages” (ed.), published in the Economist magazine in July last year, and by building a comparison with the information provided by the US Chamber of Commerce a few months later, to build an argumentative structure that allows everyone to give their own answer to the ongoing …
More »The "Trump" effect on the US economy and markets?
Author: Georgi Angelov At the end of April, Donald Trump completed his first 100 days as US president. His election in November already caused polarized reactions. Trump's supporters and his team claimed that the new president would radically change the way Washington works and greatly accelerate the economy. His opponents …
More »How free are Bulgarians?
This month, the latest edition of the Cato Institute’s Human Freedom Index in Washington, D.C., was published. According to this edition, which is based on data from 2014, Bulgaria’s human freedom index score is 7.86, a slight improvement over last year’s level of 7.80. …
More »Why didn't the Seven Kingdoms in Game of Thrones undergo an industrial revolution?
Adam Ozimek, Forbes.com Note: This article is about the TV show Game of Thrones and contains spoilers. Westeros’ technological and economic development seems to have been frozen for a very long time. Bran the Builder built Winterfell and the Wall about 8,000 years ago, suggesting that the same medieval building technologies were in place back then. …
More »The economic logic in "Game of Thrones"
HBO's hit series "Game of Thrones" is in the middle of its seventh season, and fans are increasingly concerned about the rapidly fading cast of characters. The series, which is adapted from George R. R. Martin's fantasy series "A Song of Ice and Fire," has drawn a lot of criticism in recent years from …
More »The tragedy of the commons explained through game theory
Author: Daniel Angelov Game theory is a science that studies human behavior and decision-making in conflict situations with the aim of maximizing profit. Conflict situations are situations in which the outcome of each action of one side depends on the way the opposing side acts. In its original form, the theory was …
More »Prosperity is achieved not through protectionism, but through free trade
During the 2016 US presidential race, both Donald Trump and Bernie Sanders emerged as advocates of protectionism and expressed clear support for expanding tariffs and other trade barriers imposed on imports, with both arguing that free trade policies lead to job losses...
More »The Fed's decision to raise interest rates: Causes and consequences
On December 14, the chair of the Federal Reserve, the central bank of the United States, officially announced the increase in the institution's key interest rate by 25 basis points, from 0.25% to 0.50%. This is the first interest rate increase by the Fed since December 2015, although Yellen initially said that we would see three to four increases ...
More »Private justice - myth or reality?
The article is part of a series of publications dedicated to the fourth annual conference of European Students For Liberty, which will be held on 22.10 at 9 am at the Ramada Hotel in Sofia. For more information and free registration, see the official Facebook event. In the field of social sciences and specifically economics, …
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EKIP– Expert Club for Economics and Politics A Different Opinion