Entrepreneurship

Displaying 11 - 20 of 1042
Michael Njoku

Employing the labor theory of value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it.

Anna Shnaidman

The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.

Conor Sanderson

The idea that “if it can fail, it should” probably seems oxymoronic to most people when applied to the economic realm.

Eduard Braun Florian Follert

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists.