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Over-The-Counter Drugs – Part 1

As the population in many developed countries is aging and information is more accessible, consumer health sector becomes more relevant and significant for all consumers whether they are healthy or sick. Within this sector, over-the-counter (OTC) medicines and dietary supplements play an essential role in providing remedies for minor ailments without having to make a …

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Civilized Inflation

Money. To some, it is a means of exploitation and injustice, but no one can deny that it is a product of civilization and economic cooperation. Some time ago, I described the devastating effects of  a rapid devaluation of money (hyperinflation) on society [1]. However, a medium inflation rate constitutes a form of creeping expropriation …

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Did you know that Karl Marx was a free trader?

While in a session on international trade theory at Harvard Kennedy School last summer, we had the assignment to go through the work of the most representative authors on this topic – Adam Smith, Alexander Hamilton, John Maynard Keynes and Karl Marx. As a preliminary remark, the professor made a very strong statement: “Did you …

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