Entrepreneurs are widely considered to be important parts of economic activity. Why would they not be studied carefully by those who are supposed to know so much about this activity? Yet actual policies in actual economies affecting actual human beings have been crafted by economists who have, for the most part, largely ignored entrepreneurial activity.
Brazil, which is so blessed by nature and by an entrepreneurial population with one of the highest rates of self-employment in the world, has been kept down by a misleading ideology. Antony Mueller explains the political effects of embracing Auguste Comte, an embrace which no financial bailout can fix.
What set in motion the explosive technological advance of the last 250 years was the world of ideas. Great thinkers began to understand the internal logic of the market economy and its potential for liberating mankind from poverty, dependency, and despotic rule.
While it is perfectly clear that an individual capitalist or speculator may make losses on the stock exchange, it is very doubtful whether "society" can make such losses. The question with which we are concerned here is whether an individual's losses from domestic stock exchange transactions represent a loss to the society to which that individual belongs.
My 7-year old daughter asked me the other day whether I was born before email. "Yes," I confessed. Then she quickly followed up: "Where you born before plastic?" "No," I said, "I was born after plastic but before email." Satisfied that she had placed me within the structure of the history of the world, she went back to her weekend play.
A federal judge rules: No drilling allowed. Tibor Machan explains why this is not a "victory for the California coast."
Wal-Mart, beloved by most all regular Americans, is the latest victim of the discrimination police. Thomas Woods decries the attack.
Manuel Asensio is better than the SEC when it comes to ferreting out stock scams—and, therefore, performs a fabulous market function by selling short. Christopher Mayer explains.
Wal-Mart has come under fire, even now, for selling gasoline at prices that some state legislators say are too low. William Anderson debunks the charge.
The teachings of Carl Menger and Ludwig von Mises offer the answer to those who say we should dismantle civilization to meet the supposed needs of nature. A very powerful speech by George Reisman.
