the horse. A regulated market, he argues, can be deregulated if technological innovation has come so far that it supports market coordination. Indeed, states he, - and then we can afford to deregulate the market.” Needless to say, the policy-based discussion on how markets and regulations work are out of this world.
entrepreneurship, and corporate strategy, with applications to diversification, innovation, food and agriculture, economic growth, and vertical coordination. Klein particular areas or activities for an entrepreneurial boost have fallen flat. The policy environment should also allow the “freedom to fail”—no bailouts and subsidies
differ, sharply, is on the causes of the post-recession slump and which policies might cure it. Broadly speaking, is the slump a lack of “demand,” which of Larry Summers, Brad DeLong, Paul Krugman . He states, “this diagnosis and these policy predictions are fragile.” And “None [of the New Keynesian models] produces our “unintended disincentives of social programs”, all of which stifle growth and innovation, are better than the “the new [demand side] thinking which “is largely
at the cost of loans that would have otherwise been made to more profitable and/or innovative firms. Furthermore, SBA lending in a given county results in negative income growth in neighboring counties. Given the popularity of pro-small business policies, our findings should give reason for policymakers and their constituents to
for reform is regulation, which even President Obama claims to have “stifled innovation” and to have had “a chilling effect on growth and jobs.” In this POLICY BULLETIN, we use fifty years of data and modern econometric methods to provide
ideologues who shut out dissenting opinion: When it comes to Washington policy, macroeconomists shut out innovative colleagues, some even of the sort Mr. Litan celebrates. The ruling
creation was the factor that, to borrow a phrase from Roger, “turbo charged” a policy distorted market eventually generating the boom-bust, the Great Recession, and summarizes nicely: Had the Fed provided no fuel for the boom, federal housing policy, though perverse, would not have been unsustainable. The mortgage market would occurred because a credit expansion took place during a time when technological innovations associated with the digital revolutions created a strong demand for
Organization . New York: Palgrave Macmillan. Carmen Elena Dorobăț “ ’Foreign Policy and Domestic Policy Are but One System’: Mises on International Organizations and Mike Wright “ The Effects of Alternative Investments on Entrepreneurship, Innovation, and Growth .” Managerial and Decision Economics . 35 (2): 67-72. Mario
trade—like domestic production—grew (and shrunk) as a result of the monetary policy. Entrepreneurs in the trade sector are most sensitive to monetary changes, as inflation. On the contrary, sound money is equally as, if not more important than, innovation and politics in allowing trade to enjoy a healthy growth, rather than wax
[A selection from Economic Policy: Thoughts for Today and Tomorrow ] by Ludwig von Mises Two hundred years ago, organize others to set up small shops which could produce something. This was an innovation. These innovators did not produce expensive goods suitable only for the
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