in packaging. Based on our analysis, we claim that an expansionary monetary policy may cause a decline in quality (quantity) of produced goods and services if way, the increase in money supply may have, ceteris paribus , a negative impact on innovativeness of entrepreneurs who, instead of improving the quality of products So what do sellers do? In many cases the rescue comes through technological innovation, which allows a cheaper production of the product, thus neutralizing or
the letter. (The letter is similar in some ways to the one distributed by the Innovation Alliance , which my company was asked to sign; I refused. Something tells have a few comments on the draft letter. I realize, my comments are normative and policy-oriented, and based on a particular understanding of economics and politics,
is often trotted out as a classic case showing the importance of having the innovation-incentives of a patent system in place. The following post from Greg the history, which has been pretty well laid out by William Kingston (Research Policy 29 (2000): 679-710) and Peter Neushul (Journal of the History of Medicine and
or so. The advent of the Internet, for one, has changed the world forever. These innovations have been the product of market forces, the result of entrepreneurial of whether such a world is technically possible.” The speed of technological innovation has led to erosion of democratic and civic culture and an increasingly
or so. The advent of the Internet, for one, has changed the world forever. These innovations have been the product of market forces, the result of entrepreneurial of whether such a world is technically possible.” The speed of technological innovation has led to erosion of democratic and civic culture and an increasingly
history, but as a direct result of Washington, DC’s egregious management of public policy. At the same time, the war on terror combined with nationalist hysteria has is associated with the widest-possible division of labor. This is what leads to innovation too. It is not a surprise that 15% of the venture-backed companies that
victory—it is time to engage in a deeper economic critique of Obama’s actual policies . Once we see the true effects of his policies and the incentives they If a private company is making losses for whatever reason, it must change and innovate in order to make a profit or it will continually make losses and go out of neither governments nor entrepreneurs have any way of perfectly forecasting the innovations that will take place in the future, there is, however, one enormous and
that percentage had dropped (bled in Buchanan’s words) down to 2%. Free trade, innovation and capital creation had obviated the need for 98% of the total work but very real benefits that commerce and free trade bring to a populace. Public policy should not be made based upon the personal circumstances of those who lose
by Mises. Rather, work can be sent to them via the internet (and via other innovations in communication and transportation technologies). Economics does not bureaucrats. As Shakespeare once put it, “‘tis kind to be cruel.” The best policy is to make it clear that each of us has to adapt himself to changing specialization. This means that our increasing standards of living depend on policies conducive to the accumulation of capital, to risk-taking, and to free trade.
by Mises. Rather, work can be sent to them via the internet (and via other innovations in communication and transportation technologies). Economics does not bureaucrats. As Shakespeare once put it, “‘tis kind to be cruel.” The best policy is to make it clear that each of us has to adapt himself to changing specialization. This means that our increasing standards of living depend on policies conducive to the accumulation of capital, to risk-taking, and to free trade.
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.