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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.

May 1, 2014 – A new recast of the Law on the Acquisition of Agricultural Land in the Republic of Lithuania1 (hereinafter referred to as “LAAL”), also known as the land “safeguards” law, has taken effect. The law stipulates provisions that limit the right to freely operate in the agricultural market by restricting agricultural land purchase and sale transactions.

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.

The real problem of the minimum wage concerns a very different group of people. Yet you will not see these people in newspapers or TV and they are not part of government negotiations at all. They are the unemployed people. Hence, what economists argue as some “redistribution problems” between employers and employees is not at the core of issues with minimum wage.

Last winter, the polls of trust for Polish President Bronislaw Komorowski varied between strong 60 to 80%. Almost no one could have predicted that only four months later he will lose the elections to a young, 43 years old, unknown presidential candidate of the radically right Law and Justice party. Komorowski, supported by the Civic Platform, was defeated twice. And this means that we have entered a completely new age of Polish politics.

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 Slovenian experience with privatisation has been marked by two phenomena. First, the Slovenian State did not exit enough business – there was widespread failure to privatise. Second, the privatisation campaigns that were undertaken suffered from several severe problems – there was widespread privatisation failure. Both phenomena were related even though the precise relationship can be modelled in several ways.

European ideal is not – to my mind – “being the first“ at any costs. Europe does not need to conquer anybody – these times are over and the fundamentally colonialist subconscious idea of Lisbon Strategy has faded into our Medieval past.

We have the pleasure to present you the first round of 4discussion devoted to the situation in Ukraine and the EU sanctions directed at Russia. See what do Alexander Graf Lambsdorff, Taavi Roivas, Tanja Porcnik and Ivan Miklos say on the topic and feel free to comment on that!