Entrepreneurship

There’s a long history of comparing market competition to warfare.

Entrepreneurs need very specific information about their products, markets, customers, and profits. Government macroeconomic data, however, does nothing to assist entrepreneurs to obtain this important information, but only helps justify economic intervention. 

Murray Rothbard always maintained that Eugen von Böhm-Bawerk, the teacher of Ludwig von Mises, was one of the g

Abstinence would be tantamount to this notice to politicians: since we as individuals have decided to look after our affairs, your services are no longer needed. Having assumed social power we must, as individuals, assume social responsibility — provided, of course, the politicians accept their discharge.

For once I agree with Paul Krugman, who writes: “success in business does not seem to convey any special insight into economic policy.” Unfortunate

In this excerpt from his recent “Liberty on the Rocks” interview with Justin Longo, Peter Klein explains the importance of entrepreneur

Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model "perfect competition" and monopoly, in which there is no place for entrepreneurship, and which fails to grasp that consumers benefit more from a diversity of goods than a diversity of firms. 

Dan Sanchez examines Irwin Schiff's timeless comic book on how savings, innovation, and risk are the building blocks of productivity, progress, and wealth.

This lecture by Peter Klein was presented at the 2012 Mises University in Auburn, Alabama.  Includes an introduction by Mark Thornton.

This lecture by Bob Murphy was presented at the 2012 Mises University in Auburn, Alabama.