Adam Smith

Recently, the prophecies that capitalism is going away have become more and more frequent. One of the most profound researchers of capitalism is Adam Smith. Therefore, it is worth checking to what extent his ideas are accepted and/or rejected by Bulgarians. This is how we will assess whether he, and with him capitalism, are going away from Bulgaria? Adam Smith (1723-1790) is …

One of the oldest dilemmas in economic policy is protectionism or free trade. In economic history, there are no countries that adhere entirely to one of the two principles. Although with too many conditions, free trade seems to prevail in modern practice. From the point of view of economic theory, this …

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 ...