Economy

The raging discussion in the media space about the role of the market and the state is undoubtedly an interesting topic. The total ignoring of basic concepts and facts in it is definitely disturbing. This article is also aimed at explaining them. Who comes first? The person or the society.

Over the past two decades, each government has been entrusted with hopes of an economic “revival”, of prosperity and social justice. However, only about six months after coming to power, the enthusiasm has always disappeared, and scandals and accusations of corruption, revenge and economic clientelism have taken over. Perhaps the current government is an exception.

Five years after the start of the Great Recession, we can take stock that the much-dreamed-of economic recovery of the global economy is missing.

Last month, we looked at labor productivity in Bulgaria as one of the main problems preventing the country from reaching so-called "European standards" of living (link). It is time to also examine the reasons for the lack of sufficient growth in this area.

What happened yesterday in parliament is simply a consequence of the accumulation of such compromises with freedom. The good thing this time is that they went too far. Enough to provoke the first principled protest in Bulgaria in a long time

The fundamental reason behind these imbalances is the monetary policy of the US central bank – the so-called Federal Reserve (Fed). Increasing the money supply, reducing interest rates and buying government debt lead to excessive consumption, inflation of bubbles and growth of government spending and debt.

The alleged idea of making the Turkish (or mother tongue) language "mandatory" in public schools has received a lot of attention in recent days. A line from a pre-election rally of the Movement for Rights and Freedoms was used by the two antagonistic-allies parties (Ataka and DPS) for another series of manipulations of sensitive electoral groups, which they ...

Our editor Stoyan Panchev, together with the Institute for Market Economics, published a study on the middle class in Bulgaria. A definition is being sought that would allow for the measurement and characterization of people in the middle. See the Bulgarian version of the study.

The media is buzzing about yet another case of violence against emergency medical personnel. The familiar scenario is repeated – an ambulance arrives at the address and is met by a crowd of drunk/angry relatives or friends of the person in distress. What follows is a beating, an appearance on television, calls to become “better” or “more responsible”, outrage and so on until …

The nations of the world are like men in their state of nature. They are neither perfectly good nor can they be controlled by law. - Kenneth Waltz from Man, the State and War, 1954