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Romania’s Economy in Graphs: Performance, Risks, Challenges | 11 martie 2018 | Romania reached a record economic growth in 2017, yet one that was mainly based on consumption. The contribution of investment became positive, but investment levels

The Scenery of Optimal Taxation: Progressive vs. Flat Tax

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In this study I invite you to a journey on the land of tax analysis, one that is surrounded by passion and controversies. The purpose of this “journey” is to understand the possibility that the economic science can “prescribe” the optimal taxation, both when it comes to the tax regime (progressive vs. flat tax), as well as regarding the level of taxation. I will argue the need to destroy some myths

Economic Calculation Reloaded: “the Economy” of the Public Sector

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fotolia_36692129_xs_0The argument of the economic calculation does not magically vanish once we leave the institutional realm of socialism, I’d say on the contrary. In every economy considered nowadays, with frequent excesses of vocabulary generosity, a “free market” economy, there exist many instances in which the resource allocation faces totally different exigencies from those specific to

Syndicalism – (Our) Secret Recipe in Social Europe

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A couple of years ago, the front page of news bulletins presented great union demonstrations and manifestations that almost paralyzed iconic cities. We have witnessed, concerned and bewildered, the terrifying show Europe offered to the entire world. The “Bolkestein Directive”, against which tens of thousands of people manifested for months, seemed to become the title of a

Education, Between School Bureaucracy and Freedom of Choice

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I saw teenagers who, maybe without knowing anything about the principles of freedom, support the idea of free education through the slogan on their T-shirts: “Don’t let the school ruin your education”. But, nowadays, school is an exclusive prerogative of the state, hence the reformist logic of the slogan. “Education on the street”, which today can be found on all television screens,

The Revolution of Flat Tax. Whose Victory?

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I have tried, in various studies and articles, to show why the choice of a particular taxation system is not and cannot be a scientific one, but a political issue, in essence. Further on, we also need to understand another essential idea, namely that the flat tax system is not, by definition, the foundation of a liberal fiscal policy. In fact, “the revolution” of the flat tax that occurred in

Cosmin Marinescu