EDITOR'S PICK

Economics Olympiad in Slovakia: 10 Key Findings

When it comes to real life problems, adults usually start reminiscing about their school days with a bit of bitterness. Sometimes, they blame teachers that had failed at teaching, and on other occasions they blame themselves for not paying more attention. The skill...
Monika Budzák
Monika Budzák Programová manažérka a analytička
Paying for Results, not Expenses
english

Paying for Results, not Expenses

When you ask a good economist to name the most precious capital, their answer will be human capital”. Large oil field, steel production capacity, or a number of tractors produced do not make the company rich. The company grows rich thanks to skilled people in the right place, their excellent skills and ability to adapt to change. As Julian Simon used to say, the ultimate source of wealth is man.

Next Generation EU: Why We Should Be Concerned about the Recovery Plan
publikácie

Next Generation EU: Why We Should Be Concerned about the Recovery Plan

Governments around the world reacted to the pandemic situation in similar fashion. Costly economic stimulus packages popped out, undermining the role of decentralized reaction from the bottom and strengthening state’s role in economy. European Union introduced the EUR 750 billion worth Next Generation EU package. Next Generation EU and its crucial part, Recovery and Resilience Facility, promise to bring an era of growth and stability to the European Union and its 27 member states. Can this promise be fulfilled, and if so, at what cost?

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Will Tax Brake Protect Citizens’ Wealth in Slovakia?
english

Will Tax Brake Protect Citizens’ Wealth in Slovakia?

One of the basic economic lessons is that the first slice of bread will bring you the highest utility. Definitely, you will be better off than with the second slice, or the third which is rather more likely to bring costs. The law of diminishing marginal utility applies generally to all human action, including the public administration.

Who Will Drive Slovak Drug Ferrari?
english

Who Will Drive Slovak Drug Ferrari?

The Slovak society has recently experienced number of front-page stories about patients who were refused payment for innovative, highly expensive drugs by health insurance companies. The stories which attracted a lot of emotions and stirred the public are vanguard of much bigger future troubles in public healthcare.

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