Economy

Many naive observers of the market economy dismiss concern for the “bottom line” as a purely accidental social custom. To these critics, it seems absurd that a factory producing, say, drugs or toddler shoes would stop where the owner judges that profit is maximized.

Why are things not working out in the energy sector? Politicians have all the leverage to control the industry, but in practice they systematically make the wrong decisions. The usual excuse is a lack of sufficient control over the sector. The political decision-making process has inherent defects that stand out when compared to the free market, which by its very nature …

Why are things not working out in the energy sector? Politicians have all the leverage to control the industry, but in practice they systematically make the wrong decisions. The usual excuse is a lack of sufficient control over the sector. The political decision-making process has inherent defects that stand out when compared to the free market, which by its very nature …

One of the main goals of the European Union and one of the reasons for its existence is to achieve economic stability and sustainable growth on the Old Continent. In themselves, these are concepts devoid of particular meaning and without practical value, whose main role is to sound good in political speeches ...

It recently became clear that the country's economy continues to slow down its growth and even contracted by 0.2% in the second quarter on an annual basis due to still suppressed private consumption, a negative contribution from inventories and another contraction in capital formation (investment)[1]. However, how does this affect the banking sector, …

It recently became clear that the country's economy continues to slow down its growth and even contracted by 0.2% in the second quarter on an annual basis due to still suppressed private consumption, a negative contribution from inventories and another contraction in capital formation (investment)[1]. However, how does this affect the banking sector, …

Taking a “broader view”, the European Commission has once again taken the step of expanding market regulations and powers at the expense of individual and corporate freedom. The Tobacco Products Directive was due to be voted on on 10 September, but the bill will be considered again on 8 October. Despite the good-sounding clichés …

The thesis that economic bubbles are an inevitable creation of the market continues to be somehow promoted in the public sphere; that they are fueled by psychological factors, by the herd behavior of profit-hungry investors. Even more disturbing is the claim that a bubble can only be recognized when it bursts.

Nowadays, humanity has become accustomed to many conveniences that our ancestors could not take advantage of. The car, the television, the refrigerator, the dishwasher are just a small part of the goods that make our lives better. The standard we enjoy today is due to the more efficient modern methods of production that …

Millions were killed in the name of the socialist "kingdom of plenty", and even more were the destinies marked by persecution, torture and camps. According to the well-known "Black Book of Communism", the victims of the hammer and sickle in the 20th century numbered 94 million - a staggering number, which becomes even more terrifying when we get acquainted with ...