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The Division of Labor, Self-Serve Dog Wash Edition

The EntrepreneurEntrepreneurship



Dirty Hairy Dog Wash Daphne, Alabama

"The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a...

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Justice Prevails (At Least Regarding Chicken Salad)



Some of you may remember Jeff Tucker's rightly indignant post about the woman (who calls herself "the chicken salad chick") who made delicious chicken salad out of her home, only to be ratted out by a competitor and forced to close up shop...

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Whoo hoo for Radiohead



Victory for the idea that free downloads and purchased hard copy can be complements and not always substitutes. NYT : "In a twist for the music industry's digital revolution, "In Rainbows," the new Radiohead album...

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Will Radiohead be able to sell what it has given away?

EntrepreneurshipValue and Exchange


Today the CD called "In Rainbows" by Radiohead (a British rock band) goes on sale, and the sales figures will provide an exhibit in the relationship between free downloads and retails sales. the...

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The Land of Free Stuff

Free MarketsEntrepreneurship


The Economist has an interesting story on how markets drive goods and services to zero price in the presence of relentless innovation — with the web as the example in question.

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Nothing New Under the Sun

U.S. EconomyU.S. HistoryEntrepreneurshipMonopoly and CompetitionValue and Exchange


There's no doubt that prosperity has smiled brighter and brighter on the last four generations. My grandparents, like many newly arrived from the Hell of Central Europe, lived in the attic above their ramshackle store. Their grandchildren however ramble around in what they would consider a...

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The Piracy Paradox

Capital and Interest TheoryEntrepreneurshipProduction Theory


My post Knock It Off discusses Jacob Sullum's Reason article about knockoffs in the high-fashion industry, and the lobbying by designers for copyright-like protection of clothing designs. A recent article in The New Yorker,...

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Entrepreneurship, Arbitrage, and Capital

Calculation and KnowledgeCapital and Interest TheoryEntrepreneurship


[Cross-posted at Organizations and Markets]

Over the years I'm increasingly convinced that Israel Kirzner's metaphor of entrepreneurship as costless discovery ...

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Who is Henry Galt?

Big GovernmentMedia and CultureEntrepreneurship


Fortune takes note of the "crumbling infrastructure" and suggests that Randian capitalists might come to the rescue (the article is confused and meandering so no reason to ponder the...

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