Economy

In recent weeks, two proposals to ban gambling ads have emerged from remarkably diverse sources. First, Deputy Prime Minister Valeri Simeonov said that gambling ads, specifically targeting the lottery, are "outrageous" and the NFSB is drafting a bill to ban them, and this week, the newly formed extra-parliamentary coalition "Democratic Bulgaria" also came out with ...

The more there is talk about the potential adoption of the euro in Bulgaria, the more often the argument is made that our country will be able to attract more investment in this way. This is the main line along which it is claimed that entering the Eurozone will enrich Bulgarian citizens – more investment means more jobs …

The dream of the perfect city is almost as old as civilization itself. Whether city planners dream of parallel and perpendicular straight streets, or radial streets intersected by smaller and larger rings of "rings" or some other variation - proto-urbanists' attempts to create the ideal urban environment have been around for centuries. Older than them...

At the end of last year, the cabinet proposed that the minimum wage in Bulgaria be increased to 510 leva in 2018. The administrative increase in the minimum wage is a frequently used tool by the state to "fight poverty". In practice, however, this increase has a negative impact on employment and the investment climate. …

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 …

Author: David Friedman, translation of an excerpt from "The Machinery of Freedom" The concept of property is of fundamental importance to our society and probably to any functional society. On an operational level, it is understandable to any child over the age of three. On an intellectual level, however, almost no one …

Undoubtedly the most well-known and widely used indicator of macroeconomic performance is gross domestic product. Like many other historical events, it is difficult to determine who and when began measuring national income. Interest in accounting at the national level emerged in the nineteenth century and, more specifically, the rapid economic growth during …

"Skin in the Game," the new book by famed financier-turned-philosopher Nassim Taleb, is the most important book published in recent years (probably since his last book, "Antifragility," which was published in 2012). Taleb is one of the few thinkers throughout human history whose writings...

Author: Kaloyan Staykov The regulatory authorities in Bulgaria seem doomed to remain dependent. This is the brief conclusion of the behavior of a number of politicians in recent months, and this week the Ombudsman joined them. The latest proposal is that citizens should have the opportunity to appeal in court the decisions of the Commission for Energy and …

Author: Assoc. Prof. Dr. Hristiyan Atanasov How the state's departure from its priority can have a positive impact Let's start with the fact that agriculture was the main priority of the Ottoman state throughout its existence. It can be said that the reasons for this are mainly fiscal, but also social. So …