The ideas and historical events discussed in this article can also be seen presented in this video. Speculation, in the words of economist Assen Hristoforov, is an action by a producer, entrepreneur, or trader "with the intention of realizing more than normal profits in a relatively short period of time thanks to the special state of the market." …
More »The financial coup in Bulgaria of 1947
The year 1947 in Bulgarian history is associated with the implementation of an important monetary reform. It is part of a chain of profound and comprehensive changes that led to the establishment of a Stalinist economic and socio-political model: nationalization of industry, adoption of a new constitution, elimination of the parliamentary opposition, collectivization of agriculture, etc. The important lessons …
More »"Book rags without any value"
In 1928, with these words, the Bulgarian economist G. Toshev characterized paper money in conditions of inflation. His definition was the result of the experience gained during the First World War (1914-1919) and after it. This was the first clearly outlined inflationary wave in the history of post-liberation Bulgaria. The monetary system of …
More »Soil science and permaculture for libertarians
Author: Ivan Kalchev SOIL AS AN ECONOMY If we open a classic textbook on soil science, on the first page we will read that "soil is the surface layer of the earth's crust, in which plants develop and which has the property of fertility". In an equally boring textbook we can read about economics (in the sense of "economy", and ...
More »Are politicians in power honest when it comes to money?
At first glance, monetary relations are not the most suitable environment in which honesty and trust thrive. Again, at first glance, when it comes to money, the selfishness and greed inherent in everyone are exposed. However, the intuition at first glance is not accurate. In order for money and the institutions related to it to exist, a certain …
More »"What will you give us, history...?"
The debate for or against adopting the euro concerns the fate of the leva as the Bulgarian national currency. From this point of view, it seems logical to support the opinions expressed with arguments from the monetary past. The monetary history of Bulgaria is a matter that does not lend itself easily to a short and meaningful presentation. It …
More »Bulgarian economists, the market and power
One of the important questions about the social order is whether ideas determine the actions of the authorities or do the representatives of the authorities order the ideas they need? The question, posed in this way, is so general that any answer can be both right and wrong. There are enough world authorities who take opposing positions, …
More »A chance encounter with Alexander Solzhenitsyn or two shades of political incorrectness
A Bulgarian translation of the novel "In the First Circle" by Aleksandr Solzhenitsyn (1918-2008) was recently published. The story is based on his life experience and concerns one of the so-called sharashkas - secret Soviet camps where imprisoned scientists worked on intelligence or military projects. The disappointment of ...
More »Three "Hurray!" in the National Assembly
Emotions and feelings inevitably have an impact on the overall socio-political and economic life. It is especially strong in decisive historical moments. This justifies the interest in them. The main questions that will be answered in this text are: when and under what conditions has political life in Bulgaria caused joy, delight …
More »A Bulgarian attempt at vaccine development
In the footsteps of a politically useless past The politically useless past is ugly and does not inspire national pride or enthusiasm among voters. That is why it is left to rest in peace in archives and libraries. When told meaningfully and honestly, it functions as a vaccine against social diseases such as populism, demagogy, corruption, use …
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EKIP– Expert Club for Economics and Politics A Different Opinion