Entrepreneurship

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. 

This lecture by Gary North was presented at the 2012 Mises University in Auburn, Alabama.

The occasional eruptions of anti-war positions from conservatives and progressives are more a function of what political party controls the White House than of any principled ideological stance. Don't expect sustained opposition to war to come from either side.

Private property enabled all growth. Division of labor found employment for each man. Exchange is a win-win action. Risk taking tests ideas. Capital accumulation as production to make other things. The desire for a better life and the belief that it can happen.

Are we in a recovery? There has been no true recovery since 2008.  Private savings rate went down to zero during the boom. Traditional savings rate of Americans has been ten percent.