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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

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

The Welfare State, i.e. the Redistribution That Creates Poverty

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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

Why Marginal Utility Can Never Be Negative

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Nowadays, there is no mainstream economics textbook that won’t dedicate entire pages, full with theory and applications, to the various formalized analyses of utility. “Objective functions” that can be wonderfully derived, mathematical algorithms that have an impeccable sequence, sophisticated graphics with or without inflection points and so on, all these make up an entire teaching

Crisis Journal: Capitalism Assumed Guilty

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In this “journal” I do not necessarily focus on the current economic crisis. I do not aim to portray the statist conditions that maintain economic cycles, with all the theoretical details that explain the causes of the crisis. There have already been written and there will be written such stories, more or less technical, in the anatomy of the crisis. Here and now I am preoccupied to draw

Cosmin Marinescu