Entrepreneurship

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William Baumol, RIP

Legal SystemEntrepreneurshipOther Schools of Thought

Blog05/05/2017
Baumol leaves behind an influential body of research on numerous topics relating to entrepreneurship, innovation, and economic growth.

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Week in Review: April 8, 2017

The FedWar and Foreign PolicyEntrepreneurshipPolitical Theory

Blog04/07/2017
After months of calling for more trade wars and drug wars, the Trump administration now wants a full-blown war in Syria.

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Nudges for Thee, But Not for Me

Calculation and KnowledgeEntrepreneurshipInterventionism

Blog04/07/2017
To most observers, nudging sounds like clever management techniques. The power to nudge by the state, however, is an entirely different matter.

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Will Trump Drain the Swamp with Blockchain?

Big GovernmentU.S. EconomyEntrepreneurship

Blog03/17/2017
By utilizing blockchain Trump can employ disruptive technology to achieve his populist ends.

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What Economists Are Not—And Shouldn’t Try to Be

Austrian Economics OverviewEntrepreneurshipInterventionism

Economists should not “design the tap” or “lay the pipes” for government intervention.

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Moral Hazard: Kenneth Arrow vs. Frank Knight and the Austrians

EntrepreneurshipInterventionismOther Schools of Thought

Blog03/14/2017
Rather than impartial referees reducing moral hazard, governments are its most common cause.

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NFL Free Agency and the Market Process

Free MarketsEntrepreneurshipPrices

Blog03/09/2017
Any serious analysis of the NFL is incomplete without a sound understanding of basic economics.

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Universities and Innovation

EducationEntrepreneurship

Blog02/08/2017
Theory and evidence suggest that government attempts to stimulate entrepreneurship and innovation are unlikely to be successful — for many reasons.

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How Governments Destroy Consumer Sovereignty

Calculation and KnowledgeEntrepreneurshipInterventionismPrices

Blog02/07/2017
The entrepreneur's job is to shape his whole enterprise around consumer wants. Unfortunately, governments often get in the way.

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