The Lithuanian Free Market Institute was shortlisted among three finalists for this year’s award for its textbook for upper secondary school students Economics in 31 Hours. The Educational Learning Resources Award recognizes excellence in innovation, pedagogical value and practicality of educational resources.
LFMI was named one of six finalists for this year’s Templeton Freedom Award for its textbook of economics – Economics in 31 Hours – that is giving the next generation of Lithuanian youth a fighting chance to get the economics right by teaching how property rights, free exchange, profit and competition shape decision-making in our everyday lives.
More than half Lithuan.ian schools started the new school year with a different – innovative – approach towards teaching of economics. Published last year, Economics in 31 Hours has already reached almost 54 per cent of 9th and 10th grade students country
“Inequality” refers to very important aspects of social life. But the debate on equality is full of confusion because of its many meanings, methodological and empirical errors and very strong emotions which “inequality” evokes. Conceptual confusion includes the lack of precise distinction between the inequality of situation and the inequality of opportunity.
Two years have passed since Euromaidan won in Ukraine. We try to look at what changed over the last two years. We discuss macroeconomic situation, fiscal issues, financial sector, and trade. We also outline major reforms conducted over this period and outline shortly future reforms agenda.
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.
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 with professor Peter Boettke talked Josef Šíma, president of CEVRO Institute, Prague.
Funny thing is that even professors of economics in the United States themselves were often not able to see the worse performance and lagging of centrally planned economies. Too much of intellectual work sometimes makes people forget to look out of the window.
The first task an economist has to master is to explain to people that there is such a thing as an economic problem. That is because people are more concerned with everyday emotionalism creeping into their lives by means of having to deal with another type of a problem that we could call an ‘engineering’ one.