The competitive market is a process of entrepreneurial discovery. Many economists see competition as a state of affairs. But the term “competition” invokes an activity. If competition were a state of affairs,

Mariana Kotzeva was appointed Director General of Eurostat by the European Commission. The decision will come into effect on 1 March this year. She is not only the first Bulgarian Director-General in the

Sunset in Sofia

Danube river near Nikopol, Bulgaria

Henry Hazlitt served as a founding board member of the Mises Institute. This article originally appeared as the introduction to Bastiat's Economic Sophisms (FEE, 1962). Frédéric Bastiat was born at Bayonne,

On July 3, 2008 – the day before Independence Day – Barack Obama said that adding $4 trillion in debt was „irresponsible“ and „unpatriotic“. „This has been the fiscally most irresponsible administration

Part 3: The 20th Century The First World War was the watershed of the twentieth century. Itself the product of antiliberal ideas and policies, such as militarism and protectionism, the Great War fostered

Part 2: Triumphs and Challenges As the nineteenth century began, classical liberalism — or just liberalism as the philosophy of freedom was then known — was the specter haunting Europe — and the world.

Originally published over several months in 1992, Raico’s brief history of classical liberalism was written in memory of Roy A. Childs, Jr. You can read the original here in three installments Part 1 Classical

What we have been seeing worldwide, from India to the UK to the US, is the rebellion against the inner circle of no-skin-in-the-game policymaking “clerks” and journalists-insiders, that class of paternalistic

Economics is a social science that studies the production, distribution, trade and consumption of goods and services. It seeks to explain how economies work and how economic agents interact. We all have

Hello, My name is Daniel and I live in the capital of Bulgaria - Sofia. I have a bachelor's degree in Finance from the Tsenov Academy of Economics, Svishtov. As a student I took part in many contests and