Unable to compete with cheap, government-subsidized services designed for the low end of the market, entrepreneurs find they must turn to higher-end customers who will pay more. Some wrongly interpret this as proof that markets are more expensive than government services.
Entrepreneurship still isn’t very popular in economics, but Austrian ideas are increasingly influential in contemporary management research, where the future is bright for young Austrians.
States could attract more businesses and jobs by lowering taxes and making government smaller.
States could attract more businesses and jobs by lowering taxes and making government smaller. But since governments hate cutting taxes and regulations, they instead choose to lure new firms with temporary tax breaks and special favors.
Confronted with something new and inventive, the left reacts with fear and condemnation, opposing Uber, the sharing economy behind it, and the benefits they bring to low-income entrepreneurs everywhere.
Last year, British entrepreneur Mike Watts made headlines when he opened England’s first private toll road in more than a hundred years. The road has now been closed, but its brief history provides a sad (and all-too-typical) example of how government sabotages entrepreneurs and hurts their customers.
Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.
Call for Papers for a special issue on "Business Management and Austrian Economics" in the journal BFuP - Betriebswirtschaftliche Forschung und Praxis.
Computing and networking practices move in cycles.
