Entrepreneurship

Displaying 1 - 10 of 908

Why Modern Economics' Fixation with "Efficiency" Is Dangerous

EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology

Blog07/05/2019

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

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Non-Renewable Resources Never Really Run Out

The EnvironmentEntrepreneurship

Blog07/03/2019

Supply, demand, and prices affect human usage of natural resources in such a way that the most scarce and valued resources are economized and preserved. The practical effect is that valuable resources never really run out.

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The Rising Importance of the Austrian School to Entrepreneurs

The EntrepreneurEntrepreneurshipHistory of the Austrian School of Economics

Blog07/01/2019

There is a field where Austrians are being heard and where Austrian theory is tremendously influential, and that field is dynamic entrepreneurial capitalism.

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Returns, Refunds, and Opportunity Cost

The EntrepreneurEntrepreneurship

Blog06/28/2019

A business owner who cannot understand why a customer is not happy — or even very disappointed — with getting a full refund for a faulty product has failed to grasp some very fundamental economic concepts.

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Is There a Limit to How Big a Corporation Can Get?

EntrepreneurshipMonopoly and Competition

Blog06/27/2019

Natural constraints on firm size are numerous, and in a truly free market, large firms would be constantly prone to being broken up and put out of business by competition. And all to often, huge firms become more long-lived due to government intervention.

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Israel Kirzner on Ethics and the Legacy of Austrian Economics

Book ReviewsEntrepreneurship

Blog06/03/2019

Readers will close the volume with admiration for Kirzner’s devotion to Austrian economics, immense learning, and dialectical skill

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Schumpeter vs. Kirzner on Entrepreneurs

The EntrepreneurEntrepreneurship

Blog05/16/2019

A comparison between the two theories of entrepreneurial action suggest that it may be time to drop the use of the words “equilibrium” and “disequilibrium” from economics.

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How Capitalists — Unlike Environmentalists — Make Life Easier for the Disabled

The EntrepreneurEntrepreneurship

Blog04/08/2019

Many products — delivered by the marketplace — that are mocked as "useless," and which environmentalists denounce as "wasteful" are essential items in the daily lives of many disabled people.

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Entrepreneurs: Changing the World through Business

The EntrepreneurEntrepreneurship

Blog04/04/2019

We take so many things that make daily life easier for granted. But entrepreneurs are usually behind what often amounts to revolutionary changes.

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What Most Critics of "Markets" Get Wrong about Entrepreneurs

Free MarketsEntrepreneurshipPhilosophy and Methodology

Blog03/28/2019

Thanks to entrepreneurs, markets are dynamic and constantly expanding. Attempts by governments to manage prices through the bureaucracy are sure to hinder this dynamism and drive to serve customers.

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