“Do you know what the driving force behind economic progress is and that we are getting a little better all the time?” Is it scientific knowledge? Technological progress? Are entrepreneurs behind it? New investments? Or a combination of all of these? One process is behind all these reasons. Competition
Imagine the owner of a candy store, whose window is broken by boys playing football. People run around the scene of the accident, pitty the owner and blame and rebuke the naughty. Nevertheless, there are some people among the crowd who say that a broken window also has its bright economic side. A broken window means work for the window maker. For the money he earns he can now buy bread, for example. That’s how the baker has a job.
You have probably noticed that the world “globalization” evokes passions and even protests. “The rich become richer and the poor are poorer!” shout some of protesters. “Globalization causes the loss of national culture and identity,” is shouted by others. But is globalization really dangerous? Does it need to be slowed down or regulated?
June 2021 will go down in the history of improving the business environment in Slovakia. It has joined the countries that have introduced a system to reduce the costs of doing business, which stem from bureaucracy and other regulations. This will help Slovakia to recover from the crisis, increase business productivity, increase competitiveness and, ultimately, improve people’s standard of living in general.
The Evolutionary Invisible Hand. The Problem of Rational Decision-Making and Social Ordering over Time is a book by the director of the F. A. Hayek Foundation, Matúš Pošvanc. The book has been published by one of the world’s leading publishing houses Palgrave Macmillan.
The tax ceiling is not designed to strengthen the debt ceiling, as the latter has been devised so that the irresponsible governments in the future could not impose bring an unprecedented burden on the public finances.
One of the key topics of the past nearly four years has been the future face of the relations between the UK and the EU in the post-transition period era. Not many people expected that within the given time frame there would be sufficient time and willingness to reach a mutually acceptable deal.
The socially liberal camp around the world, including much of the European liberals, have been celebrating this turning of the tides, even though it comes at a cost of further polarisation of the society in the US and elsewhere.
Karl fights for socialism, Che holds a red flag and he’s saying something about communism, and Adolfo is not ashamed and even supports fascism. There are “Isms” everywhere. However, one of them is quite nice – as it deals with personal freedom.