Entrepreneurship

Emperors can rest on their laurels but capitalists never can.

Both workers and elites fear new market and technological innovations. The latest protests are nothing new.

The number of faults that have been alleged against capitalism are without limit. Few have any merit.

Small boarding houses once provided affordable housing for a large number of working-class Americans. They're mostly illegal now.

Whether it be the owner, the general manager, or the head coach, whomever has the final say on draft day is making a judgment in the face of uncertainty that they hope will benefit their organization.

We can have a competitive marketplace if government will just get out of the way and stop erecting barriers to creating new businesses and new competitors for established companies.

Our greatest enemy today is the economic illiteracy and confusion on the part of those who insist on “planning,” “stabilizing,” and straitjacketing the economy.

If consumers are free to choose, any entrepreneur focused on serving customers can compete against even huge established corporations. Moreover, the market provides a way to reward the most innovative and customer-centered entrepreneurs.

David Cowan discusses his recent book, Frank H. Knight: Prophet of Freedom.

Per Bylund discusses his recent book, The Problem of Production: A New Theory of the Firm.