Petru-Răsvan Iatan
Petru-Răsvan Iatan
Master’s Degree student in International Economy and European Affairs, Faculty of International Business and Economics, Bucharest University of Economic Studies; interested in Classical Economics, Praxeology, the Philosophy branch of Ethics and the dichotomy between the Economic Left and Right
“Touchy Pride” Libertarianism and the Accountability for Implicitly Given Consent

“Touchy Pride” Libertarianism and the Accountability for Implicitly Given Consent

When thinking about Libertarianism, one who is not too familiar with terminological specifics would most probably imagine either a society under which laissez-faire Capitalism is the only present economic system, or, as an even more general rule, an ideology which advocates for individual freedom above all else. While these are, for the most part, accurate depictions of the final form Libertarianism would take when put into practice, what cannot be denied is the multitude of potential meanings behind these surface-level characteristics. More


The Limits of Merit as the Diverging Point between Economics and Moral Philosophy

The Limits of Merit as the Diverging Point between Economics and Moral Philosophy

The compatibility between the moral and the practical has always been a key issue for many philosophies and schools of thought. When it comes to Economics, advocates of certain systems have, more often than not, tried to argue that it isn’t only their primary interest in said system that makes it superior to all the others, but also the secondary ones. For instance, economists who advocate for a free-market economy will not only tell you that Capitalism is economically more efficient than its alternatives, but that it is morally superior, too. Alternatively, it is not unusual for someone whose moral outlook on life makes him prefer a certain system to also end up believing that that system is also the likeliest to lead to material prosperity. More


Warfare Economics and the Proper Use of Individual Incentives on the Battlefield

Warfare Economics and the Proper Use of Individual Incentives on the Battlefield

The science of economics has oftentimes proven itself to be more than capable at exceeding the role most people, especially those foreign to its potential, would grant it – the mere study of the economy – by having direct applications into many other fields. One need only read through the pages of David Friedman’s famous book Hidden Order: The Economics of Everyday Life (1996) in order to get a grasp on how economic thinking can be used to improve the way of tackling his daily challenges. Furthermore, in his academic course on Price Theory (1986), Friedman’s writings feature an entire chapter called The Economics of Love and Marriage, which uses economic principles to describe how the marketplace of love works and how certain policies may be implemented to improve the societal outcomes related to it.  More


How Spare Time Legislation Impacts the Workforce in the West

How Spare Time Legislation Impacts the Workforce in the West

With today’s modern world being as complex and susceptible to constant change as it is, it is safe to assume that few people, if any, would be able to envision a lifestyle without some basic form of balance. Said balance is sure to include a set of principles, values and rules within which our existence is not only shaped, but also sustained and enabled, while maintaining predictability, order and continuity in our social and economic lives. More


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