Recipes with Rothbard: What Chocolate Cake Can Teach About Economics
When studying praxeology, something as trivial as the recipe for chocolate cake can become a way to better teach us Austrian economics.
Entrepreneurship
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Recipes with Rothbard: What Chocolate Cake Can Teach About Economics
When studying praxeology, something as trivial as the recipe for chocolate cake can become a way to better teach us Austrian economics.
We Can’t “Teach” Entrepreneurship, But We Can Inspire Future Entrepreneurs
While it is true that one cannot create entrepreneurs in a classroom setting, it still is important that people how entrepreneurship works. No one explains entrepreneurship better than Austrian economists.
The Economics of AI: Dispelling Fears and Embracing Entrepreneurship
Artificial Intelligence, for all of the fear-mongering taking place, simply is a tool that if applied in a free market setting will make our economy stronger, not weaker.
Book Review: The Economics of Prosperity: Rethinking Economic Growth and Development
David Gordon reviews Shawn Ritenour's The Economics of Prosperity. The book shows how economic growth stems from entrepreneurship, the division of labor, and investments in capital and technology. These factors, Ritenour argues, are the key to prosperity in underdeveloped countries.
Does a Government Budget Surplus Contribute to National Savings?
Keynesian economists claim government budget surpluses are national savings, but real savings drive capital development. A surplus just means more revenue to the government, not the private economy.
The Invasion of the Spatializers
Jesús Huerta de Soto has published a series of lectures on Austrian Economics, and Dr. David Gordon in Friday Philosophy reviews his Lectures in Austrian Economics, Volume 1. Dr. Gordon is especially interested in how de Soto deals with time.
The Invasion of the Spatializers
Jesús Huerta de Soto has published a series of lectures on Austrian Economics, and Dr. David Gordon in Friday Philosophy reviews his Lectures in Austrian Economics, Volume 1. Dr. Gordon is especially interested in how de Soto deals with time.
Intellectual Property: Innovation Should Serve Consumers, Not Producers
Innovations aren‘t very useful unless they serve consumers in the marketplace. Otherwise, we‘re pursuing innovation for its own sake, and that isn‘t progress.
The Entrepreneur and the Summer Blockbuster
This summer, Hollywood is celebrating the 50th anniversary of its summer blockbuster “Jaws.” The making of such films provides a good analysis of how entrepreneurs operate in a world of uncertainty. Austrian economists are best able to understand how this process works.
