Longaberger can’t sell its basket-shaped headquarters. As Peter Klein explains, resources in a modern economy are complex and specific — which is why we need free markets. Peter Klein is the Mises Institute’s Carl Menger Research
The death of Fidel Castro has brought to light the catastrophic failure of Cuban socialism . Cuba, whose standard of living was among the highest in the region in 1959 , is now one of the world’s poorest countries ( questionable stats on education, healthcare, and even cigars notwithstanding). And, of course, as is obvious to anyone not named
[ Editor’s Note: This essay is forthcoming in The Routledge Companion to the Makers of Modern Entrepreneurship (Routledge, 2017), edited by David B. Audretsch and Erik E. Lehmann .] Abstract I briefly summarize my contributions to entrepreneurship theory, focusing on the links between contemporary entrepreneurship research, the “Austrian”
I’ve said many times that the best way government can promote entrepreneurship is to get out of the way, so I can’t support the Obama Administration’s annual Global Entrepreneurship Summit, a government-sponsored meet-and-greet for prospective entrepreneurs, funders, politicians, and hangers-on. But I agree with this statement from Vivek Wadhwa
The article is adapted from a short video by Peter Klein. The aviation world has been all atwitter about the prospect that Virgin America, the US-based subsidiary of Richard Branson’s Virgin Empire is up for sale. Reportedly, Jet Blue — another smaller American carrier — is in the lead as a possible acquirer for Virgin America.[*] The big American
Today in my entrepreneurship PhD seminar we discussed the iconoclastic American economist Frank Knight. Though friendly with Hayek personally, Knight was a harsh critic of Austrian capital theory, particularly as formulated by Böhm-Bawerk and Hayek. (Knight conceived capital as a permanent fund of value, with interest determined by the technical
Hillary Clinton has been taking heat for her relationship with the Clinton Foundation. Did individuals and firms making large donations to the Foundation, or paying large speaking or consulting fees to Bill Clinton, get preferred access to Ms. Clinton as Secretary of State? Is there a revolving door between the Clinton campaign and the
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.