economic theory

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 ...

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, …

The mass psychosis about social distancing threatens to transform from a temporary measure into a completely acceptable and permanent approach to life. The idea of limiting and state control over contacts is not new. It is completely opposite to the conclusions reached by the most prominent representatives of economic science. Therefore, it is worth …

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 ...

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 …

Adam Ozimek, Forbes.com Note: This article is about the TV show Game of Thrones and contains spoilers. Westeros’ technological and economic development seems to have been frozen for a very long time. Bran the Builder built Winterfell and the Wall about 8,000 years ago, suggesting that the same medieval building technologies were in place back then. …

HBO's hit series "Game of Thrones" is in the middle of its seventh season, and fans are increasingly concerned about the rapidly fading cast of characters. The series, which is adapted from George R. R. Martin's fantasy series "A Song of Ice and Fire," has drawn a lot of criticism in recent years from …

During the 2016 US presidential race, both Donald Trump and Bernie Sanders emerged as advocates of protectionism and expressed clear support for expanding tariffs and other trade barriers imposed on imports, with both arguing that free trade policies lead to job losses...