The Entrepreneur

Austrian economics is not dry theory. It helps us make sense of our world and shows that exchange and production have a place in our moral universe.

Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it.

Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

Conclusion to How to Think about the Economy: A Primer

Part III: Intervention, Chapter 9: Regulatory Intervention

Part III: Intervention, Chapter 8: Monetary Intervention

Part II: Market, Chapter 7: Economic Calculation

Part II: Market, Chapter 6: Value, Money, and Price

Part II: Market, Chapter 5: Production and Entrepreneurship

Part II: Market, Chapter 4: A Process, Not a Factory