Amidst the enthusiasm for the investigation into the irregularities of the previous administration, the caretaker government of Stefan Yanev has approved a plan for Bulgaria to join the eurozone. This is a puzzling move, because this plan is largely inherited from the previous government, whose abuses in other areas the current caretaker cabinet appointed by …
More »The Life and Ideas of Jean-Baptiste Say: The Greatest French Economist
Many young libertarians are familiar with Frédéric Bastiat, but few are aware of his most significant predecessor, who is also one of the greatest "classical" economists - Jean-Baptiste Say. Nowadays, Say is one of those figures in the history of economic science who is systematically ignored, despite his ...
More »The harms of the minimum wage and its increase
Author: Martin Tarpev From January 1, 2019, the state made a gift to lower-skilled workers by increasing the minimum wage to 560 leva. Many people are accepting this measure with applause, which on a more abstract level seems normal. Who doesn't want to receive more money? Beyond rosy economic dreams …
More »John Maynard Keynes and Say's Law
Ludwig von Mises, original title in English: "Lord Keynes and Say's law" I Lord Keynes's main contribution to economic thought lies not in the development of new ideas, but in the "escape from the old", as he declares at the end of the preface to his "General Theory". Keynesians tell us that his famous ...
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EKIP– Expert Club for Economics and Politics A Different Opinion