Economy

In everyday speech, especially discussing the events around and after 1989, the concepts of democracy and market economy are used, if not synonymously, then at least inseparably from each other. In this article, I will argue that a pure market economy, built on individual freedom and private property, cannot exist in …

During his four years at the helm of the state, however, Obama has not visited the State of Israel once. In an interview with NBC, he explained that he visited Israel in 2008, shortly before he was elected president, and he will visit again when the time comes for someone to take action...

As each new year approaches and begins, people begin to take stock of the past 12 months. From a financial markets perspective, there is one word that best describes what happened in 2011 – volatility. The year brought many surprises for investors, as in the stock markets alone, the value that …

As a welcome to the new year, the government has stirred up yet another TELK mess. The reason is the changes to the Social Security Code that have crept into the transitional and final provisions of the State Social Security Act for 2012, which increase the degree and scope of administrative-criminal liability to which experts from medical commissions are subject, who …

First of all, it should be noted that education is not a homogeneous mixture of knowledge and skills, but quite the opposite – it can embody a variety of qualities. The question then arises as to how the proponents of the quantity theory intend to deal with the economic problem of exactly which knowledge and skills to increase in supply?

Today (03.01.2012) is an important day for American politics. In the small agricultural state of the Midwest - Iowa - the primary elections for delegates to the Republican National Convention are being held. This year the vote is especially important because it will determine who will fight Barack Obama in the upcoming …

Expert Club for Economics and Politics | December 2011 In the third edition of the monthly newsletter of EKIP you can find: 2012 – a year of reckoning Is Europe powerless against the downgrade of credit ratings?* (Yavor Aleksiev) Cheap sometimes turns out to be expensive (Methodi Tsanov, Stoyan Panchev) Will I succeed in life – …

Nowadays, most countries are dominated by the so-called pay-as-you-go (PAYG) pension system, called in Bulgarian “expenditure-covering”. The principle of PAYG is simple: the pensions of today's retirees are paid for with a portion of the taxes collected from the working population

By deciding not to invest now, the entrepreneur conserves factors of production for another time and another use (an unknown time and use). He keeps valuable resources from being used in the present because he speculates that they will be put to better use in the future.

Marc Faber has always been skeptical about the West's ability to successfully address the economic and social problems it faces. This is largely due to his belief that the monetary and fiscal policies pursued by central banks and governments in the "Old World" cannot or simply will not...