After studying maths with Arab professors and becoming acquainted with Al-Khwarizmi’s algebra, the Italian Fibonacci introduced the Arabic numerals to Europe.
Mises’s regression theorem proves that money must have their origin in a non-monetary useful merchandise traded on a free market.
Why must all good things come to an end in Romania? Maybe it is because the economic environment, especially the fiscal framework, are in constant change and the volatility only allows for...
Interview with Leszek Balcerowicz
Romania was Europe’s biggest grain producer, but only up until the 1921 agricultural reform
On a free market, characterized by competition, need is the best teacher
Diamantele sunt cele mai bune prietene ale unei fete, cânta în 1953 Marilyn Monroe în filmul „Domnii preferă blondele”
Iată niște țigări care făceau reclamă la Venus, nu la cancer
Van Gogh sold nothing during his lifetime, while Hitler was able to make a living from painting. But...
If we looked up information about the evolution of inflation and the GDP in the inter-war statistics directories, we wouldn’t find anything
În capitalism există o continuă circulație a elitelor. Săracii se îmbogățesc, și descendenții celor bogati își pierd averile și devin săraci.
Adam Smith postulated that the prime requisite for the prosperity of a nation is a growing population.