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
With the freer disposition of private property came the possibility of ongoing innovations, tested in the market. Here, too, the rivalrous state system was highly from interference by the formidable social forces opposed to change, growth, and innovation“ (Rosenberg and Birdzell 1986, 24). Eventually, the economy achieved a in turn, provided a negative demonstration effect that played a potent role in the policy choices of other countries. The theme of the autonomy of the market and the
War on Tobacco is amongst the most misguided doctrines in behavioral policy, and yet politicians continue to enforce it. The side effects on private to burn flavored liquid. Unfortunately for the vaping industry, where there is innovation on the market, regulation is soon to follow. As expected, the European
in capitalism as the demagogues trumpet. It is, on the contrary, the fruit of policies hostile to capitalism and intent upon sabotaging and destroying its success of fantasy sports is the perfect illustration of how capitalism unleashes innovation, and how government can manage to ruin anything it touches. Hopefully
organize others to set up small shops which could produce something. This was an innovation. These innovators did not produce expensive goods suitable only for the benefits immediately. Much was said, thirty or forty years ago, about the “wage policy,” as they called it, of Henry Ford. One of Mr. Ford’s great accomplishments
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.