Mises and Hayek Dehomogenized
Today, the term "Austrian economics" is used to designate two very different paradigms.
The Entrepreneur
Displaying 251 - 260 of 638
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 Guido Hülsmann's Mises: The Last Knight of Liberalism, pp. 770–73.
How Sound Economics Birthed the Video-Game Era
Technological know-how is not enough to make a high-tech endeavor successful.
Government Should Leave Bakers Alone
Even if the bakery wins in this case, its victory will only protect those businesses acting on a “sincere religious conviction.” That's a bad thing.
The Market for Literary Products
Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. Literature is just one example.
I, Pencil
This classic article by Leonard Read illustrates how completely dependent the world is on the division of labor.
