protectionism

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 …

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 …

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 …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The Deformation of the Capital Structure – a Volcano with a Wooden Lid (read the first part here) The main problem of the world economy since the late 2010s and early 2020s is the deformation of the capital structure. This problem is clearly, in detail and well-foundedly described by the Austrian …

At this stage of Donald Trump's presidency, it is extremely difficult to answer unequivocally the question of whether his term has been successful in economic terms. On the one hand, we have undoubtedly successfully implemented economic reforms, such as the reduction of corporate and personal tax rates, as well as the deregulation of a number of over-regulated sectors from …

There is no physical law that says free trade necessarily comes with unlimited immigration. “We will not let Britain pick the raisins from the EU cake as it pleases during the Brexit negotiations. Britain cannot enjoy the benefits of membership without bearing some of its costs.” The German …

Links: The US-China Trade War For greater convenience, we recommend downloading the podcast audio by clicking the “Download” button in the player above. Don’t forget to like and share on Facebook and write a comment with your opinion and/or criticism about this episode! This way you help us to …

As you have surely already understood, a few days ago the new President of France Emmanuel Macron visited Bulgaria and during his personal meeting with Prime Minister Borisov he set the following ultimatum: France will support Bulgaria's interests within the EU and in particular our possible candidacy for entry into the Eurozone...

At the end of 2016, the "patriotic" idea of imposing Bulgarian food in stores became fashionable again, as the state had to introduce corresponding repressive requirements on businesses along the lines of "buy only Bulgarian". According to the draft law submitted by the BSP, "for part of the quantities of products offered, the production of which is traditional for Bulgaria...it is mandatory...