Calculation and Knowledge

Displaying 71 - 80 of 687
Murray N. Rothbard

The Soviet Union in 1991 was dissolved. Murray Rothbard explains how socialism and central planning led to the economic collapse.

Marcel Dumas Gautreau

The goods created by automation—and the labor freed up by it—become inputs for industries downstream.

Desmond Ng

Successful entrepreneurial leaders play a central role in empowering employees to use their localized knowledge.

Antony Sammeroff

Contra Marx, Mises understood that human desires and needs are not determined merely by biology. 

Joanna Kruk

During the boom phase of the business cycle, the economy shifts to a more risky position as the result of entrepreneurs’ profit targeting. The duration can be used to quantify this risk and to determine the discount rate for calculating the project's present value.

Ryan McMaken

Why don't corporations just get bigger and bigger until they take over the whole economy? Unlike states, firms aren't necessarily better off as they get bigger.