Why the Cleveland Browns Need More than Draft Capital to Be Successful
The Cleveland Browns enter this year's NFL draft with a tremendous capital advantage to other teams. That's not enough to guarantee their success.
The Entrepreneur
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Lenin Was Right
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.
What Entrepreneurs Can Learn from the Cummins Engine Company
In the pursuit of profit, many firms also seek to improve their communities in more intangible ways.
Competition and Political Entrepreneurship: Austrian Insights into Public-Choice Theory
Applying Austrian economics to the study of public choice theory expands our knowledge of government institutions.
Mises and Hayek Dehomogenized
Today, the term "Austrian economics" is used to designate two very different paradigms.
Consumer Sovereignty Is a Problem For Government “Stimulus” Plans
Government stimulus plans can't take into account dynamic factors like entrepreneurial innovation and consumer preferences.
How Entrepreneurs Wouldn’t Let a Beloved Car Brand Die
Not all entrepreneurship end up with mass production. Sometimes it involves deeply personal efforts to make a very personalized product.
The Scam That Is Urban “Land Use” Planning
Government planners admit they don't know how consumers actually want to use city land. But that doesn't stop them from regulating every lot in town.
Community Revival in the Wake of Disaster: Lessons in Local Entrepreneurship
When a community is hit by a disaster, how can it recover? The economics of mega-disaster poses some interesting questions for entrepreneurs.
Equilibrium, Profit and Loss, and Entrepreneurship
(Excerpt from chapter 17 of Mises: The Last Knight of Liberalism , pp. 770–73.) It was through the writings of Carl Menger and Eugen von Böhm-Bawerk that Mises had come to understand the market economy as a rational social order in which all...
