It’s a great time to be studying entrepreneurship. Today as never before entrepreneurs are confronted with “grand challenges” both in the marketplace and society more broadly. And despite constant efforts to stifle their work, entrepreneurs rise to these challenges, thereby showing their vital role in solving some of our deepest economic and social problems.
Readers who want to get a flavor for the ideas of Friedrich Hayek will find an excellent introduction in Donald Boudreaux’s The Essential Hayek
Ben Bernanke reveals more about his own views when he commented on the $10 bill controversy to replace Alexander Hamilton. Bernanke attacked Secretary Jack Lew's idea to replace Hamilton with a women:
At the Austrian Economics Research Conference this year, Patrick Byrne, CEO of Overstock.com, discussed the many ways that the blockchain may be us
Mark Thornton is interviewed by Phil Pepin on The Pursuit of Freedom radio show. They discuss Dr. Thornton's experiences teaching Austrian economics, the development of the Mises Institute and Austrian economics from the beginning, and the growing acceptance (and opposition) of Austrian ideas in the United States.
From Chapter 24 of Human Action by Ludwig von Mises:
