The Food and Drug Administration (FDA) confirmed that the Pfizer covid vaccine is 95 percent effective, but what does that statement mean? The details of the Pfizer covid vaccine trial can be found here. As was the case in the previous announcement about the vaccine, this “efficacy” figure is misleading.

Abstract: We highlight the important role that time plays in conceptualizations of opportunity in entrepreneurship research.

The history of mass hysteria, or mass sociogenic illness is fascinating.

In a New York Times op-ed full of musings on how to “build a better, different, human future,” Pope Francis praised world governments for putting “the well-being of their people first” while ridiculing critics of the covid-19 lockdowns.

Abstract: As employees are increasingly recognized as an important source of ideas and inspiration, contemporary leadership research finds that the central task of leaders is to empower employees to realize their skills and talents to achieve an organizations’ visions and goals. Drawing on this leadership premise, this study develops the concept of entrepreneurial empowerment (EE). EE has structural and psychological dimensions that empower employees to utilize their knowledge to solve the internal Hayekian knowledge problem.

The Fed’s balance sheet could easily be replaced with the phrase abracadabra; truly, there is little else in the world which works as magically as it does. Often cited, seldom understood, few seem to realize that as the balance sheet expands, so too does the power of this central bank at the expense of the entire nation.

Abstract: The concept of entrepreneurial opportunity has undergone a period of useful critique and refinement since Venkataraman (1997) and Shane and Venkataraman (2000) employed the term as one of the defining features of entre­preneurship studies. This paper presents a novel Austrian reinterpretation of this concept as an intersubjective phenomenon that emerges from the dual entrepre­neurial process of discovery and judgment.

It seems Christmas came early for many this year. On Thursday, the European Central Bank (ECB) announced an additional $605 billion to its ongoing stimulus program. Under the bank’s Pandemic Emergency Purchase Programme (PEPP), the total asset purchases are now valued at $1.85 trillion euros, now set to run to March 2022.

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