Economic theory

The material is a continuation of THIS ARTICLE Third, considering this obvious truth, we can also explain the apparent success of state investment in South Korea. The intervention of the state to invest simply coincided with a period of increased self-awareness of many people as economic actors, a growing desire in society for more …

“I am right-wing, but when it comes to investments, I don’t see a solution on the right. If a factory needs to be built in a place like Macedonia, for example, you can’t just rely on economic freedom and low taxes. Even if taxes were zero in Macedonia, investors would want to invest…

Since the currency board was introduced in Bulgaria 17 years ago, every now and then some political pundit appears in the Bulgarian press to tell us that it is harmful to the Bulgarian economy. Now, I might agree with the statement in principle, considering that any …

Andreas Marquardt Inflation, defined as the expansion of the fiat money supply, is a primary evil whenever and wherever it occurs. It is the primary and most overlooked cause of many economic and social problems, including: 1. Inflation causes the economy to be cyclical An increase in the money supply, involving more lending, means that new …

It's summer, and the main topic of political discourse is the banking crisis, the recent resignation of the government and possible budget adjustments. However, the World Cup in Brazil ended a few days ago, and while sports passions have not yet died down, it's time to take stock of what has happened in recent …

A game of rich and poor “Nations sometimes do indeed manage to adopt efficient institutions and achieve prosperity, but alas, these are rare cases” Acemoglu and Robinson (2012)[1] The rich-poor contrast has always been a leading theme for many, and elevating it to the level of countries is a particularly thorny issue from an economic perspective. …

Today, the National Statistical Institute (NSI) published data on the level of the consumer price index in February, according to which deflation in Bulgaria deepened to 2.6% on an annual basis from 2.2% in January, reaching a seven-month high. Maria Ivanova from Capital commented on the data as follows: From an economic point of view, deflation is a problem, …

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 ...

Investors, libertarians and computer enthusiasts have a new topic to discuss and it is Bitcoin. The popularity of the online currency is growing in direct proportion to its price, which has quadrupled in two months. It is difficult to remain indifferent to what is happening, and that is why some, with undisguised optimism, see Bitcoin as the money of …

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…