Hans-Hermann Hoppe explains the neglected role of insurance in a free market economy. Any insurance involves the pooling of individual risks by the market, a task the state can only distort.
When people consider the question of how society should be organized, there is a tendency to portray issues in terms of false alternatives.
Jeffrey Tucker interviews Robert Karl Mertin at the Mises Institute, Auburn, Alabama, January 11, 2006.
Paul Poenicke, a student from my honors seminar on Spontaneous Order, sent me this Slate article
The entrepreneur is a key figure in the market economy. In a dynamic economy, ideas, products, and services are constantly changing. Entrepreneurship, broadly defined, refers to actions of individuals as they strive to cope with constantly changing market conditions.1 When viewed in this way, all market participants-consumers, producers, and investors-engage in entrepreneurial activity.
