The wonderful thing about economics is that it recognizes truths about the world that laypeople cannot intuitively grasp, based on simple statements about human action. Consider two concepts: opportunity costs and marginal decision-making based on marginal benefits and costs. If you really understand these two concepts, then it must seem normal to you that there […]

I often hear the phrases ‘real price’ or ‘justified price’, for example, in the question of ambulances or hospitals. They make my economic hair stand on end. It reminds me of how deeply embedded healthcare is in the price thinking of planned economics. Before 1989 in Slovakia, the whole economy was run on the principle […]

Several competitiveness rankings assess factors such as law enforcement, infrastructure, and taxation law from a business perspective. However, they often lack accessible and practical explanations of how these factors impact the daily operations of small businesses. The Bureaucracy Index uses a straightforward approach to provide a detailed list and quantification of bureaucratic burdens faced by […]

Slovakia Leads with Highest Bureaucratic Burden, Poland Ranks Most Business-Friendly Several existing competitiveness rankings assess factors like law enforcement, infrastructure, and tax law from a business perspective. However, these often lack an accessible, practical translation of how these factors impact the daily operations of small businesses. The Bureaucracy Index was launched in 2016 by the […]

Differences in preferences between men and women cannot be explained by discrimination and stereotypes alone. Non-social biological factors also play a significant role.

The current process of negotiating salary increases for public servants should also be seen in the context of international comparisons. Slovakia spends the most on salaries in the whole V4, not only as a share of total public administration expenditure but also as a share of GDP. In these comparisons, Slovakia spends more than the […]