Every policy discussion, in the media or the political arena, touches inevitably on the one such theory of the slow economic growth argues that “we’re running out of innovations”: according to Robert Gordon’s book , 21 st century entrepreneurs are and investment in this context—and their further connection to sound monetary policy—, is responsible for both this theory, as well as for those well-known
by the state to profit from the horrors of war, even to the point of pushing policies that incite or extend the conflict, none of this is “capitalism.” This story everyone is allowed to copy and improve upon existing products and services. An innovation like that, which takes thousands of people millions of hours to create,
the market. The entrepreneur is also jeopardized by political dangers. Government policies, revolutions, and wars can damage or annihilate his enterprise. Such events It is certainly possible for the police to confiscate all profits. But such a policy would by necessity convert the market economy into a senseless chaos. Man has, the attention of slow people, to rouse latent wishes, to entice men to substitute innovation for inert clinging to traditional routine. In order to succeed,
investors, thereby harming your very own people? So in current debate on economic policy, I urge you to perceive and work for peaceful productive market democracy, nascent but now virulent War on Drugs with deadly implications for U.S. domestic policy today in terms of renewed street warfare and for foreign policy involving the to personally scour and plug Austrian ideas, to stay tuned, stay strategic, stay innovative, stay responsive, stay responsible, stay entrepreneurial, stay optimistic,
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.