intellectual movement has been to allow its ideas to be categorized as a “public policy“ option. The formulation implies a concession that it is up to the state--its just about generating profits and productivity. They aren’t just about spurring innovation and competition. To make a transition from statism to the market economy
the FCC will be effective in counteracting the supposed threats and protecting the innovation and investment fostered by the Internet. The Threats to the Openness of are just tools, and “cannot by themselves determine the right answers to difficult policy questions.” However, he does not concretely define those policy questions, so
is still considered not to be greatly affected by its decades-long zero interest policy. As we discussed in our German webinar with Professor Gunther Schnabl on the West, the West soon felt the need to emulate Japanese companies, given the innovative creativity that these large companies displayed. But then, all of a or at least they are no longer as feared as they used to be. Shifting Preferences Innovation ultimately has a lot to do with time preference in economic terms. Real
that flat-rates create a superior, more conducive environment for spurring innovation. On the other, Adam Thierer of TechLiberationFront suggests that network to charge for access, he did tell the House Telecom Committee that government policy could encourage internet providers to make the necessary investment in fiber
a severe drought, and the local government has instituted water-rationing policies. Each household is permitted to use only a certain low amount of water each of Arlen, randomly checking meters and cracking down on those who defy the policy. Rationing is a very typical measure imposed by central planners ignorant of would be awarded with the highest profits. This profit motive would make new innovations in water distribution much more likely. One entrepreneur might buy the
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
Invariably, on the path to modernity, there will be clashes between tradition and innovation; however, the triumph of the former results in stagnation. Like other places, Europe suffered from antimarket policies and cultural romanticism, but it became the first place where tradition was
public scrutiny as the minimum requirement for any study that is used to justify policy, from lockdowns to carbon taxes to whatever comes next. These studies must be not just licensed “experts.” Whether we are faced with a new crisis, a new policyinnovation, or simply designing a better mousetrap, groupthink and censorship are
of new media, yet because newspapers and television journalism have failed to innovate and keep up we must subsidize them, because their reporting is (was) better. by government. Further, he suggests, we need, as an instrument of foreign policy, to compete with China’s CCTV and Xinhua News, and Qatar’s Al Jazeera . If the a dangerous man. I think I serve a valuable service by giving my readers a fresh, innovative view of the economy. Don’t I deserve a subsidy, Professor Bollinger? Who
as high rates of return on capital invested. As such, their foundation is innovation in the form of the introduction of new and improved products and methods are in fact the result of repeated productive innovation and serve to bring those innovations and much more to the great mass of the public. Great wealth invested in
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.