Economists use the per capita Gross Domestic Product (GDP) as the main indicator of the level of material well-being achieved by a country. The GDP is the cake with which we feed ourselves; the portfolio to draw on to meet our material needs. In recent years, there have been many critical (...)
WP 2018-06. Executive Summary.
On May 25th, 2018, one of the most sweeping changes to the regulation of the internet, the European Union’s General Data Protection Regulation (GDPR), came into effect. While it has been only a few weeks since the new privacy policies have been enacted, there are already noticeable changes to (...)
“Do good and talk about it” became compulsory last year with the introduction of the new European CSR directive for companies with more than 500 employees. The keyword is Corporate Social Responsibility. Companies are compelled to provide annual reports about their charitable commitments. In (...)
A paper by economists Luigi Guiso, Paola Sapienza and Luigi Zingales (GSZ) has recently made headlines and received widespread approval within the academic community. Their contribution, titled Long-term Persistence, provides the empirical test of a hypothesis put forward in 1993 by American (...)
On this 5th of May, the author of the Capital would have blown his 200 candles. Embittered by the communism theorist’s admirers, Nicolas Lecaussin explains how his idea was contradicted by facts.
A Romanian who became French, Bogdan Călinescu lived his adolescence under Ceaușescu’s dictatorship. (...)
WP 2018-04. Executive Summary.
After some months of amazing promises made by politicians pledging whatever might have warranted to them a parliamentary seat, the judgement day has finally come, as Italy’s general elections were held on March the 4th. Apparently, something like a tsunami materialised. In reality - however (...)
Despite the widely held view that the European sovereign debt crisis, and the euro itself, have been stabilized, we are not alone in the opinion that the deep problems not only remain but have probably been exacerbated by the ECB’s actions. Far from being addressed, these problems have only (...)
European Parliament has just voted to increase the budget each MEP can spend on their assistants. This can hardly be justified. Worse, it can increase the deluge of new regulations.
Say you want to pass your wealth to others after you die, since you cannot take it with you. If you pass it to friends and family, many (18) EU governments will take a hefty portion of it in inheritance tax. If you pass it to a charity, most governments won’t charge you tax. If you pass it to a (...)