How Free Markets Enhance Freedom of Choice
Our daily lives are determined by our choices as individual economic actors. When governments intervene in our personal economics, they intervene in our personal preferences and choices.
Our daily lives are determined by our choices as individual economic actors. When governments intervene in our personal economics, they intervene in our personal preferences and choices.
Last year, British entrepreneur Mike Watts made headlines when he opened England’s first private toll road in more than a hundred years. The road has now been closed, but its brief history provides a sad (and all-too-typical) example of how government sabotages entrepreneurs and hurts their customers.
Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.
Where police fail, as at Ferguson and in Detroit, private firms and volunteers have stepped in.
Where police fail, as at Ferguson and in Detroit, private firms and volunteers have stepped in. And yet the state continues to claim that its employed enforcers are a thin blue line between order and chaos.
The rich make new resource-intensive products economically feasible. Those wealthy early-adopters of new products act as mannequins on which new products are draped, increasing demand as producers attempt to bring those products to the mass market.
Call for Papers for a special issue on "Business Management and Austrian Economics" in the journal BFuP - Betriebswirtschaftliche Forschung und Praxis.
"The Mises fellowship has been the single most important influence in my development as a scholar," writes Matt McCaffrey in his discussion on being an Austrian economist in academia today. "No other program could have given me the resources I needed to start my career."