The Entrepreneur

We speak of the “economy” as though it produces goods. Yet, the term really is a fiction, as purposeful individuals working in cooperation with each other are the real producers.

The 19th century saw the creation and expansion of railroads in the United States, which hauled freight and carried paying passengers. One offshoot from privately-owned railroads was the creation of company-built and -operated hospitals to treat their employees in remote locations.

Our author went to St. Croix in the US Virgin Islands, expecting a vacation in paradise. Unfortunately, thanks to the USVI government‘s laws “protecting” the taxi industry, he had to spend a tidy sum of money just getting around.

There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy their needs.

President Trump has made a lot of noise in the business community in the first few months of his administration. Unfortunately, his actions and rhetoric have created a lot of uncertainty in the economy, threatening capital development.

In any society, there are winners. But how do they win? Successful entrepreneurs innovate, take risks, and satisfy consumer needs in a competitive marketplace.

Profits aren’t immoral—they’re necessary. Just as organisms need a net energy surplus to live, societies need profits to sustain themselves.

College football has finally experienced an athlete‘s holdout in order to leverage a hoped-for payday. In the case of Nico Iamaleava, he tried to leverage more money from the University of Tennessee but failed spectacularly. There are economic lessons to be learned here.

Lack of products that precisely match skin tones are often said to be evidence of “white privilege,” yet the market division of labor provides the basis for very specific goods and services.

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an economic and social problem, or is this yet one more false crisis ginned up by intellectual and governing elites?