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The following material is a translation of an article published on August 1, 1981 with the original title "What Causes Wealth?" by Roger Ream. The subtitles and formatting are by the translator. The original article can be found on the FEE website. The current translation is published under the Creative Commons Attribution 4.0 license …

 Food prices in Bulgaria are approaching the average European level, Violeta Ivanova from the Confederation of Bulgarian Trade Unions (CITUB) commented in the studio of “Hello, Bulgaria”. “Our food products reach 71% of the average European price levels, and some of them, such as vegetable oils, exceed the average European levels by about 9%. The prices of milk and dairy products …

On October 7, 1950, Catholic nun Agnes Bojagiu, better known as Mother Teresa, received the Vatican's blessing to found the Missionaries of Charity as part of the Archdiocese of Calcutta. In this way, Pope Pius XII legitimized the school for the poor that she had founded in 1948. The new order numbered just 12 people...

A change in presidency will not reduce the amount of time and energy some people will spend debating the issue of growing inequality between rich and poor. In fact, I expect to see such debates become more frequent and more intense. I have written many articles and given many speeches on the issues, …

Earlier this week, the Institute for Market Economics (IME) presented its detailed study of income inequality in Bulgaria to the public – “Poverty Cuts - Education and Employment as Factors for the Income and Happiness Curve in Bulgaria”. The study is a continuation of IME’s long-standing interest in the field – …

One of the most frequently put forward arguments in favor of the government redistributing funds through the so-called "welfare state" states: "If there are no state institutions to collect money in the form of taxes and then direct it to those in need (i.e., the poor), the latter will not be able to ...

In the last months of his life, US President John F. Kennedy pushed the idea of a massive political campaign – a war on poverty in the country – through his cabinet. His successor in the White House – Lyndon B. Johnson – further developed the plan and presented his vision of the “Great Society” to the US Congress. As …