editorial partner Liberte! Friedrich Naumann Foundation

markets

Myth of Capitalism’s Guilt for Unfair Market Interference by Entrepreneurs
Economy
Myth of Capitalism’s Guilt for Unfair Market Interference by Entrepreneurs
With iron regularity, texts appear in the public sphere about powerful lobby groups influencing politics, or even dictating to governments what legislation to adopt and what policies to pursue domestically and internationally. First, we need to analyze the idea of a wealthy entrepreneur who, instead of developing their business in a \'market-oriented\' way, spends their time trying to convince politicians to secure advantages for their business from the state.
Is Capitalism Responsible for Destruction of Environment?
Economy
Is Capitalism Responsible for Destruction of Environment?
Advocates of state intervention and regulation believe that these mechanisms can improve the environment by suppressing the free market. Over time, they have become an increasing challenge for defenders of capitalism and the free market economy. The solution to global warming, air pollution, and so on is therefore said to be less market and more state planning.
There Is No Such Thing as “Real Price”
Economy
There Is No Such Thing as “Real Price”
I often hear the phrases \'real price\' or \'justified price\', for example, in the question of ambulances or hospitals. They make my economic hair stand on end. It reminds me of how deeply embedded healthcare is in the price thinking of planned economics. Before 1989 in Slovakia, the whole economy was run on the principle of price. A manager in a company calculated the price of steel, plastic, and man-hours to produce one Škoda 120 car, for example.
Is Inflation Inevitable?
Economy
Is Inflation Inevitable?
Price inflation is not inevitable. One of the most common explanations for price growth is identifying it with capitalism. The argument is that inflation is unavoidable as the economy grows. It is thought that for businesses to have an incentive to invest and wages to grow, the prices of goods and services should rise in the first place.
Institutional Systems, Policies, Inequalities
Economy
Institutional Systems, Policies, Inequalities
“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.