economy

Ageing of the Polish society means that every year more and more people will reach the retirement age. At the same time, the number of people of working age will be decreasing. In this context, it appears that the pension system reform implemented in 1999 introduced a not very fortunate principle to the Polish pension system.

On June 13, 2015, the Slovenes celebrated the Tax Freedom Day – a day the Slovenes stopped working for the government and actually started earning icome for themselves. The “holiday“ illustrates how much taxes do the Slovenes pay each year.

Demographic change is not a tsunami. It proceeds gradually but steadily, just as the ocean\'s tide. It can be foreseen if we simply choose to open our eyes and look at facts.

I don\'t think that the youth want revolution. In these unstable times they rather want stability that no longer favours the mainstream populism, not taking responsibility for the future of the state, unkept promises and embarassing U-turns (career-like as well). Stability in which the political class is not moving further away from the reformatory attitude in the state of constant self-contempt.

Free market institutions and individual liberty promote economic development and human resilience to a changing climate. So far, coercive and centrally planned regulation induced by climate change alarmism delivered a disappointing outcome.

On June 11-12, the Lithuanian Free Market Institute will host the Heritage Foundation representatives, who will meet with the Lithuanian government, politicians and business leaders to discuss Lithuania\'s progress in the 2015 Index of Economic Freedom and reforms needed to further improve the country\'s ratings.

Lack of jobs remains the key problem of the Slovak economy despite the currently declining unemployment rate. Government policies keep coming up with new labour market measures but these often prove ineffective, generating only temporary jobs by selectively supporting chosen jobseekers.

The modern debate on inequality is, in practice, a discussion about the morality of capitalism. To simplify this debate by presenting two opposing worlds – a capitalist society where skills and effort lead to inequality, and a socialist society where the state can secure equality – may be a good learning experience, but leaves aside the challenges that we face in the modern world.

Just like every year, INESS released the Bill for Government services few days ago. Although such information should be ideally provided by the government itself, Slovak government is somewhat reluctant to inform the society on costs of the functioning of the state. This is precisely why INESS decided to take up this task.

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.