The Secret Economic Theory Behind the $100,000 Birkin Bag
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.
Entrepreneurship
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Failure as a Design Imperative
The idea that “if it can fail, it should” probably seems oxymoronic to most people when applied to the economic realm.
Economic Calculation and the Entrepreneur
The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists.
New Austrian Insights
It should be clear from the articles in this book that the Austrian School is thriving. Per Bylund has rendered a great service in bringing the scholarship in A Modern Guide to Austrian Economics to our attention.
Creating Wealth: The Cantillon or the Smith Way
Although mainstream economists hold that Adam Smith is the father of modern economics, it was Richard Cantillon that recognized the centrality of entrepreneurship in economic development.
Creating Wealth: The Cantillon or the Smith Way
Although mainstream economists hold that Adam Smith is the father of modern economics, it was Richard Cantillon that recognized the centrality of entrepreneurship in economic development.
Why We Don’t Need Government Funding for “Moonshots”
Christian Sandström is a Swedish economist who joins Bob to make the case that massive government funding projects aren't necessary to promote science or industrial growth.
