state

Under the European Charter of Local Self-Government, the internal administrative structure and the resources of the governments should correspond to the needs of the local population as well as ensure effective governance. However, statistical data shows the growth of municipal bureaucracy despite demographic decline.

New Economic School – Georgia has the pleasure to invite you to Summer University. This years\' edition devoted to the topic of Public Choice: The Necessity of Limiting of Government Power will be held in Bakuriani, Georgia, on August 8-14, 2015.

Iceland does not have much chance to go wrong. The current system is sufficiently large a disaster to require trying something else. They experienced capital controls, hyperinflation and there are financial crisis on average every 15 years. The currency suffers from chronic degradation. It would be nice to take a chance on an experiment in a country where the changes of a poorly performing financial system cannot be impeded by too powerful bankers and politicians.

The presidential project of the fiscal ordinance was supposed to improve this complex situation. The uncertainties in regulations were supposed to be interpreted in favour of the taxpayers. In other words, the responsibility for legal errors (bungles) would lie on the national state and not on physical persons.

Legal regulations concerning axiological choices made by individuals in their private or intimate spheres, formed on the basis of the expectations and awareness of the democratic majority, are essentially deprived of legitimization and are not acceptable within the scope of prohibitions and restrictions they introduce.