How to Think about Production and Entrepreneurship
Entrepreneurs serve consumers by creating our future. They do this by trying ideas for new, imagined goods and paying wages to workers and developing new capital.
Entrepreneurs serve consumers by creating our future. They do this by trying ideas for new, imagined goods and paying wages to workers and developing new capital.
The only lesson for the United Kingdom is to remember that if you follow Greece’s economic policies, you get Greek debt, unemployment, and growth.
As we watch the once proud edifice of higher education in the USA crumble, we realize that we are looking at institutional failure itself.
Academic historians of the "acclaimed" new history of capitalism have a major weakness: their claims do not match the historical record.
College faculties historically have leaned left-of-center, but today, a rigid progressive ideology is enforced not only by faculty, but also by higher education administrations.
The European electricity market is probably the most state-regulated in the world. More intervention is not going to solve the problems created by politics.
The French, who coined the term laissez-faire, have become people thoroughly captured by statism. Professor Salin shows another way for France to go.
It is easy to think of supply and demand curves as being key to economic analysis. In reality, they can't tell us much, and emphasizing them actually stands in the way of better understanding economic processes.
Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded.
Another Marxist intellectual takes a shot at Mises. Like the other critics on the left, he understands little of what Mises wrote or believed.