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free market

What is Libertarianism: Key Ideas and Concepts?

The key ideas of libertarianism have been developing for many centuries. The first hints of them can be found in ancient China, Greece, and Israel; they began to develop into something resembling modern libertarian philosophy in the work of thinkers such as John Locke, David Hume, Adam Smith, Thomas Jefferson...

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In Defense of Property (excerpt from David Friedman)

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 …

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What makes nations rich?

free market

/Part 1 – The Free Market/ Throughout human history, politicians, philosophers and economists from all over the world have been searching for a formula for government that would make people richer. Historically, countless different approaches have been tried. Empirically, however, it has been proven that only those political ideologies and economic theories that promote the philosophy …

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What is economic value? - response to Evgeny Dainov

the economic value

Evgeni Dainov, one of the most famous public intellectuals in Bulgaria, published an article a few days ago about the "economists". A text in which he criticizes at length what he describes as the "economic" way of thinking. As someone who considers himself an economist, I was of course intrigued, but unfortunately I was left extremely disappointed...

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How does the free market protect cultural heritage?

cultural heritage

Or how foundations or other non-governmental organizations take care of cultural heritage around the world without government subsidies. Capitalism and the free market often receive criticism for topics related to products or activities that would not generate profit on their own, i.e. they cannot exist limited to their own budgets with their own …

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The virtue of consumerism

consumerism

Author: Stefan Kichev Recently, in Western societies, and in our country as well, we often hear about the low and vulgar nature of "consumerism" - of consumer culture - how this quasi-philosophy makes us abandon the important things in life, and on the other hand, lures us to consider everything ...

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Privatization of the Prosecutor's Office under Assoc. Prof. Kristian Takov

Türker Mollahasan At the end of last year, on the air of BTV, the lecturer of civil law at Sofia University, Kristian Takov, announced that the solution for the Bulgarian judicial system is the privatization of the prosecutor's office. We are publishing a short commentary on the topic. What is Takov's idea? The idea of Assoc. Prof. Dr. Kristian Takov (Chairman of the Arbitration …

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