editorial partner Liberte! Friedrich Naumann Foundation

Economy

How Shakespeare’s Hamlet Teaches Us to Save Money
Economy
How Shakespeare’s Hamlet Teaches Us to Save Money
Just as the protagonist of Shakespeare\'s drama gains the courage to take on justice in the course of the play, too must human agency and responsibility win in each of our inner struggles. This is the only way to ensure the sustainability of the pension system by reducing upward pressure on state benefits and allowing people themselves to recover a larger share of their incomes at a time when there will be no active sources of income at all.
Let’s Not Raise Minimum Wage. Let’s Abolish It!
Economy
Let’s Not Raise Minimum Wage. Let’s Abolish It!
It is telling that the public almost unquestioningly believes that the minimum wage helps low-income people in particular. But as the prominent Czech economist Robert Holman writes in his textbook on microeconomics, \"If economists agree on anything, it is that legislating a minimum wage increases unemployment.\"
Economic Defence of Advertising
Economy
Economic Defence of Advertising
Advertisements are generally regarded as a socially undesirable phenomenon. At best, they are seen as a poor source of information about a company\'s products in an attempt to raise awareness of their existence and thereby win new customers, but more often as a despicable practice aimed at manipulating consumer preferences.
Peltzman Effect: Unintended Consequences of Government Intervention
Economy
Peltzman Effect: Unintended Consequences of Government Intervention
Why are expectations about the impact of government regulation so often not met? Why do the actual consequences of government interventions diverge countless times from the intentions of the politicians who promote them? Economics has elegant answers to these stimulating questions. One of them will be illustrated and explained in this article.