There are so many question marks around the revenues coming from the careful obtaining of political information, that the voters will probably decide that it is not even worth it. And that they would rather go to a pub. From the economic point of view, it is an absolutely logical thing.
Italy is one of the first countries in Europe that has the major number of users and people aware of what is the so-called “sharing economy” (it is the third country after Turkey and Spain).
One of the most important factors in shaping country’s political system is the electoral system. It determines the number of relevant political parties and how they work internally. This article will discuss the workings of the proportional voting system for the lower chamber of Czech Parliament1 and its impact on the Czech political system.
After 153 days of work on the account of public institutions, the expenditures of which had to be covered by taxpayers, Liberal Institute together with the Czech society commemorated the Tax Freedom Day on June 2, 2016. The Liberal Institute has celebrated the Tax Freedom Day since 2000.
Centre for Economic and Market Analyses recently published a study dealing with circular economy. The text “The Efficiency of the Waste Sorting System in the Czech Republic – International comparison” deals with collective system of extended producers’ responsibility for packaging waste.
Apart of the geographic fact and the benefit the country derives from proximity to the German economy, and the historical traditions of the First Republic, the Czech Republic still shares more with Slovakia and Hungary than it does with France and Denmark.
The Czech government continues to do its utmost to limit the economic freedom of individuals. Nowadays, the attention of lawmakers turns to the restriction on opening hours of malls and supermarkets with the floor area larger than 200 square meters during public holidays (8 days per year including Easter or Christmas).
Since the Czech Republic is an export-based economy with one dominant trading partner (Germany), one can be very skeptical of the ability of the Czech government to actually reduce unemployment. On the other hand, there is much the government can do to make the situation worse.
“We must prevent exploitation of workers,” they say. Well, this is a complete nonsense. Capitalist exploitation is nothing but a fable that leftists, populists or inadequately educated individuals uses for haunting employees – just like parents use tales about bugaboos under bed to scare unruly children.
The second part of the interviev by Josef Šíma (president of CEVRO Institute, Prague) with professor Peter Boettke on the importance of mainstream vs. mainline distinction in understanding economics, the power of ideas and education focusing on the link between philosophy, politics and economics, and the new master’s PPE program in Prague.