Okay, so I’ve been looking at the Mercatus numbers.
First, Think Progress IS wrong in their representation. (Think Progress makes the very simple error of acting like an ADDITION to cost is the WHOLE cost.)
Radical Markets: Uprooting Capitalism and Democracy for a Just Society
Eric A. Posner and E. Glen Weyl
Princeton University Press, 2018
xii + 337 pages
Radical Markets has at least one virtue. The book contains many unusual proposals, and I propose to concentrate on one of the strangest of these. Eric Posner, a legal scholar, and Glen Weyl, a principal researcher at Microsoft, call for speculative boldness, and they have given us that; but sound argument is another matter.
[From the Quarterly Journal of Austrian Economics.]
Entrepreneurship is a double-edged sword. On the one hand, it has become almost universally recognized over the past few decades that entrepreneurship is the engine of economic change, the generator of economic growth, and the main cause of job creation. Consequently, policy is often used in different ways to support entrepreneurs to thereby create benefits from the positive effects of entrepreneurship.
JEFF DEIST: You are German, but not from a big city in Germany.
GUIDO HÜLSMANN: That’s correct, a small town.
JD: Did your small-town upbringing influence your career and outlook?
The new issue of the Quarterly Journal of Austrian Economics is now available online.
ABSTRACT: Contrary to the Austrian community’s former perception, we revealed value investing’s incompatibility with Austrian economics (Rapp, Olbrich, and Venitz, 2017). However, Leithner (2017) disagrees with this conclusion. He primarily argues that an analysis of value concepts should be neglected in favor of a discussion of the methods value investors apply to “measure” value to diagnose whether or not they adhere to Austrian value theory.
