Lithuanian Free Market Institute
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Lithuanian Free Market Institute
The Lithuanian Free Market Institute (LFMI) is a non-profit non-partisan organization (think tank) based in Vilnius, Lithuania. It was established by six economists, including Petras Auštrevičius, in November 1990. Based on the ideas of the Austrian School, Austrian Economic School, its mission is to promote free market ideals with a focus on freedom, responsibility, and limited government intervention. The team of LFMI conducts research on the main economic and policy issues, develops reform packages, plans legislative proposals, advises and consults government institutions. LFMI also publishes economic literature, conducts surveys, holds conferences and lectures. The Chair of the Board is Elena Leontjeva, the co-founder of LFMI and President of LFMI from 1993 to 2001. In 2011, Žilvinas Šilėnas was appointed as the President and Edita Maslauskaitė as the Vice President. See also *Liberalism in Lithuania External linksOfficial website
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Think Tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental organizations, but some are semi-autonomous agencies within government or are associated with particular political parties, businesses or the military. Think-tank funding often includes a combination of donations from very wealthy people and those not so wealthy, with many also accepting government grants. Think tanks publish articles and studies, and even draft legislation on particular matters of policy or society. This information is then used by governments, businesses, media organizations, social movements or other interest groups. Think tanks range from those associated with highly academic or scholarly activities to those that are overtly ideological and pushing for particular policies, with a wide range among them in terms of th ...
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Vilnius
Vilnius ( , ; see also other names) is the capital and largest city of Lithuania, with a population of 592,389 (according to the state register) or 625,107 (according to the municipality of Vilnius). The population of Vilnius's functional urban area, which stretches beyond the city limits, is estimated at 718,507 (as of 2020), while according to the Vilnius territorial health insurance fund, there were 753,875 permanent inhabitants as of November 2022 in Vilnius city and Vilnius district municipalities combined. Vilnius is situated in southeastern Lithuania and is the second-largest city in the Baltic states, but according to the Bank of Latvia is expected to become the largest before 2025. It is the seat of Lithuania's national government and the Vilnius District Municipality. Vilnius is known for the architecture in its Old Town, declared a UNESCO World Heritage Site in 1994. The city was noted for its multicultural population already in the time of the Polish–Lithuanian ...
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Lithuania
Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania shares land borders with Latvia to the north, Belarus to the east and south, Poland to the south, and Russia to the southwest. It has a Maritime boundary, maritime border with Sweden to the west on the Baltic Sea. Lithuania covers an area of , with a population of 2.8 million. Its capital and largest city is Vilnius; other major cities are Kaunas and Klaipėda. Lithuanians belong to the ethno-linguistic group of the Balts and speak Lithuanian language, Lithuanian, one of only a few living Baltic languages. For millennia the southeastern shores of the Baltic Sea were inhabited by various Balts, Baltic tribes. In the 1230s, Lithuanian lands were united by Mindaugas, Monarchy of Lithuania, becoming king and founding the Kingdom of Lithuania ...
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Petras Auštrevičius
Petras Auštrevičius (born 16 May 1963) is a Lithuanian liberal politician, diplomat, civil society activist, former member of Seimas, and since 2014, a member of the European Parliament. Education In 1981, Auštrevičius graduated from Vilnius Secondary School No. 39. Afterwards, he continued his studies at Vilnius University in the Faculty of Economics, where he received a degree in Economics in 1986. He then worked as a Junior Research Fellow at the Institute of Economics, located at the Lithuanian Academy of Sciences, from 1988 to 1991. From 1992 to 1993, Auštrevičius pursued a diplomat-training program at the Hoover Institution at the Stanford University in California. Professional career From 1991 to 1992, Auštrevičius worked as a Senior Specialist and was the First Secretary in the Ministry of Foreign Affairs (Lithuania). He was subsequently appointed as the Head of the Nordic States Division for the Ministry of Foreign Affairs, where he served from 1992 to 1993. In ...
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Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian School originated in late-19th- and early-20th-century Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical School (based in Germany), in a dispute known as ''Methodenstreit'', or methodology struggle. Current-day economists working in this tradition are located in many different countries, but their work is still referred to as Austrian economics. Among the theoretical contributions of the early years of the Austrian School are the ...
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Free Market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those ...
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Liberalism In Lithuania
This article gives an overview of liberalism in Lithuania. Liberalism was a major force in Lithuania since 1900. Next to the urban citizens, agrarian liberal parties became active. It is limited to liberal parties with substantial support, mainly proved by having had a representation in parliament. The sign ⇒ denotes another party in that scheme. For inclusion in this scheme it isn't necessary so that parties labeled themselves as a liberal party. History After the restoration of independence in 1990 liberal parties arose again. Currently, the Liberal Movement and Freedom and Justice are centre-right liberal parties, and the Freedom Party is a centrist liberal party. Lithuanian Democratic Party *1902: Liberal intellectuals and dissident social democrats formed the Lithuanian Democratic Party (''Lietuvių Demokratų Partija''). *1905: The LDP sponsored the forming of the ⇒ Lithuanian Peasants Union *1914: The LDP is renamed into Democratic Party of Lithuania (Lietuvos Demokr ...
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Organizations Based In Vilnius
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includin ...
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Non-profit Organizations Based In Lithuania
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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1990 Establishments In Lithuania
Year 199 ( CXCIX) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was sometimes known as year 952 ''Ab urbe condita''. The denomination 199 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Mesopotamia is partitioned into two Roman provinces divided by the Euphrates, Mesopotamia and Osroene. * Emperor Septimius Severus lays siege to the city-state Hatra in Central-Mesopotamia, but fails to capture the city despite breaching the walls. * Two new legions, I Parthica and III Parthica, are formed as a permanent garrison. China * Battle of Yijing: Chinese warlord Yuan Shao defeats Gongsun Zan. Korea * Geodeung succeeds Suro of Geumgwan Gaya, as king of the Korean kingdom of Gaya (traditional date). By topic Religion * Pope Zephyrinus succeeds Pope Victor I, as the ...
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Think Tanks Established In 1990
In their most common sense, the terms thought and thinking refer to conscious cognitive processes that can happen independently of sensory stimulation. Their most paradigmatic forms are judging, reasoning, concept formation, problem solving, and deliberation. But other mental processes, like considering an idea, memory, or imagination, are also often included. These processes can happen internally independent of the sensory organs, unlike perception. But when understood in the widest sense, any mental event may be understood as a form of thinking, including perception and unconscious mental processes. In a slightly different sense, the term ''thought'' refers not to the mental processes themselves but to mental states or systems of ideas brought about by these processes. Various theories of thinking have been proposed, some of which aim to capture the characteristic features of thought. ''Platonists'' hold that thinking consists in discerning and inspecting Platonic forms and th ...
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