Volume 2, No. 2 (Summer 1999)

In his article “Entrepreneurship and Economic Growth,” Professor Holcombe (1998) argues that Kirznerian entrepreneurial alertness enables market actors to spot previously unnoticed profit opportunities. Entrepreneurs then act upon these opportunities. As a result, the economy becomes more productive because now more consumer satisfaction can be produced at a lower cost. This is a creative application of the Kirznerian theory, but one that nonetheless suffers from the weaknesses of the theoretical foundation on which it is based.

Volume 2, No. 2 (Summer 1999)

Volume 2, No. 2 (Summer 1999)

Volume 2, No. 2 (Summer 1999)

The popular media often see the technological advances of the last century as a frightening boost to the power and reach of the state. The box-office hit Enemy of the State, starring Will Smith, shows a government using high technology to persecute an innocent citizen. Likewise, Gattaca portrayed a society in which technology had almost erased personal privacy and enabled the state to suppress the most precious individual freedoms.

Volume 2, No. 2 (Summer 1999)

Tony Lawson, an economics lecturer at Cambridge University, defends a thesis sure to arouse the interest of Austrians. Mainstream economics lies crushed in the fatal grip of positivism. The futile search for constants in human behavior condemns econometrics to sterility; and economic theory as a whole is little better. It disregards the basic truth that human beings act.

Volume 2, No. 3 (Fall 1999)

Volume 2, No. 3 (Fall 1999)

Volume 2, No. 3 (Fall 1999)

Volume 2, No. 3 (Fall 1999)

Volume 2, No. 3 (Fall 1999)