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Calculation and KnowledgePrices
It is a marvel that imperfect, limited information available to the entrepreneur can be used to produce so much good for society.
Taxes and SpendingWar and Foreign Policy
Trump is spinning a narrative in which ever larger government budgets—and ever larger piles of deficit spending—create jobs and make America "safe."
The EntrepreneurMedia and Culture
Scrooge McDuck is the perfect type of a miser: a capitalist-entrepreneur — and the most philanthropic man (duck, I mean) in Duckburg.
Japan's once-envied economy is now in shambles. The European economy, built on the same shaky tenets, is crumbling, too. Where to go from here?
Free MarketsU.S. EconomyInterventionism
This immense cooperative system is known as a free-market economy. It was not consciously planned by anybody. It evolved.
The history of poverty is almost the history of mankind. The ancient writers have left us few specific accounts of it because they took it for granted. It was the normal lot.
California is now the most taxed and regulated state in the nation. Not surprisingly, life here is becoming less affordable, and less profitable.
Protectionism and Free Trade
In a globalized world, nearly every product or service relies on products and services from somewhere else.