Articles

The invisible hand is actually made of billions of very visible hands which put the products into shopping carts, receive payments, or shake other hands to complete a contract. The market is efficient because it is the only real “social” element of the arrangement of the society.

INESS organized a traditional summer Annual Sean Gabb lecture on Wednesday, August 12, 2015. Dr. Sean Gabb is the Director of the Libertarian Alliance (United Kingdom) and one of the most renowned advocates of freedom and individual liberty in Europe.

If the hundreds of thousands of entrepreneurs, small and big businesses alike, took as long to deal with their daily existential crises, every last one of them would have already gone bankrupt. At the same time, politicians don\'t have to worry about it.

The delay with the implementation of the DCFTA had caused some concerns that important economic reforms associated with the Agreement could be delayed. However, one year after the Agreement signature, reforms are moving forward.

In February 2015, the Institute for Economic Research and Policy Consulting (Kyiv) held its regular quarterly survey of industrial enterprises as a part of its Business Tendency Survey. The respondents were asked a question \"Can your company use the possibility to apply a reduced rate of the single social contribution?\". Let\'s take a look at the results.

According to the Business Tendency Survey, a quarterly survey of industrial enterprises in Ukraine carried out by the Institute for Economic Research and Policy Consulting (Kyiv), the biggest obstacles to production growth in Ukraine in May 2015 were low demand, liquidity problems, excessive taxation, and unstable political situation.

The Lithuanian Free Market Institute has launched a unique interactive teaching platform for teachers of economics at www.ekonomikosvadovelis.lt. This one-of-a-kind platform in Lithuania that encompasses a variety of features including video lessons, interactive tasks, a dictionary of economic terminology and other practical material is a part of LFMI’s brand new textbook on economics – Economics in 31 Hours.

On July 30, 2015, INESS organized an event commemorating Milton Friedman. One of the special guests was Petr Barton of IREF, a Czech economist who spent a part of his professional carrier working at the University of Chicago and knew Milton Friedman in person.

Although Greece’s drama has left no people indifferent, neither those who stick to a tough position on Greece (Lithuanian government, for starters), nor newly declared Greece’s friends (European nationalists and socialists) would want the same scenario for their countries. However, becoming Greece is not so difficult. Here are a few guidelines.

Uber, established in 2009, today is valued at around $50 billion and its great success lies in the simplicity of the business model. Anyone can become an Uber driver in the USA, but is it so simple in Europe?