In a recent episode of the Economics for Entrepreneurs podcast, I interviewed Steve Mariotti, who has spent a lifetime teaching entrepreneurship to kids from difficult and troubled backgrounds in the US, as well as the sons and daughters of parents who lived through the USSR and Vietnamese communist regimes. He portrayed entrepreneurship as an
Listen to the Audio Mises Wire version of this article. Economists and Wall Street analysts are using the word recession to describe the looming plunge in output in the US economy. We’ll just make the point early that economists, exhibiting the typical emptiness of their failed science, can’t even agree on the definition of recession. Undeterred
Zhang Weiying is a Chinese Professor of Economics who “came across” the Austrian School of Economics. In an article published in Economic Observer on September 4, 2017, he made these points: · The Austrian School of Economics is the best market theory. It studies the actual market. It gives entrepreneurship central status. It understands economic
On the Mises Institute’s Economics For Entrepreneurs podcast, Dr. Per Bylund has stated more than once that entrepreneurs who can develop an understanding of both the laws of economics and the mind of the customer can thereby create a competitive advantage and a successful business. The laws of economics he refers to are the principles of Austrian
Listen to the Audio Mises Wire version of this article. Recently, on the Human Action Podcast , Jeff Deist and I discussed the Rothbardian theory of the entrepreneurial economy in chapter 8 of Man, Economy, and State , titled “Production, Entrepreneurship, and Change.” In this article I will illustrate just how this Austrian theory is applied
Jeff Deist recently argued the case for economics over politics in his talk “ Markets vs. Mobs .” I believe markets will prevail, and here’s why. Our resource is not “science” but knowledge. It accumulates, perhaps at an exponential rate. Mises.org is one of the great consolidators of knowledge, attracting many more people than ever before
Curt Carlson, la principal autoridad mundial en materia de innovación y cómo llevarla a la práctica, se preocupa que EEUU esté rindiendo por debajo de lo esperado en este frente, y mucho. En LinkedIn, escribe : Hoy en día, casi todas las medidas de rendimiento innovador son deficientes. Sólo el 3% de las patentes recuperan su inversión; el resto
Gran Tecnológica. Gran Farmacéutica. Grandes alimentarias. Grandes bancos. Grandes petroleras. Tenemos preguntas sobre todas ellas. Las grandes tecnológicas nos vigilan y roban nuestra privacidad. Las grandes farmacéuticas nos explotan y envenenan. Las grandes alimentarias están comprometiendo nuestra salud y nuestro estado físico. Los grandes
¿Hay alguna esperanza en el mundo occidental de que los ciudadanos individuales puedan obtener cierta liberación del crecimiento implacable y aprisionador del Estado? En los Estados Unidos, el gasto del Estado , un representante razonable de su poder sobre nosotros, aumenta cada año, a excepción de unas momentáneas irregularidades. La situación de
El papel del empresario es fundamental para la economía austriaca. Los empresarios son los coordinadores de la acción humana individual en el contexto del conocimiento subjetivo y la información dispersa. Hay dos roles individuales críticos para el dinamismo económico. El primero es la soberanía del consumidor: el consumidor es el jefe, porque
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.