Unhindered passage on Sofia's roads is important. However, isn't expedited passage through Terminal 1 more important? We have a situation... People are protesting against the government, which is preventing other people from using certain common areas - specifically roads. The complaints were not long in coming - amplified by the politicians' megaphones: You are preventing...
More »In Defense of Property (excerpt from David Friedman)
Author: David Friedman, translation of an excerpt from "The Machinery of Freedom" The concept of property is of fundamental importance to our society and probably to any functional society. On an operational level, it is understandable to any child over the age of three. On an intellectual level, however, almost no one …
More »The tragedy of the commons explained through game theory
Author: Daniel Angelov Game theory is a science that studies human behavior and decision-making in conflict situations with the aim of maximizing profit. Conflict situations are situations in which the outcome of each action of one side depends on the way the opposing side acts. In its original form, the theory was …
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EKIP– Expert Club for Economics and Politics A Different Opinion