Now entrepreneurship classes are all the rage. While in real life government strangles businesses large and small everyday, the academic community has finally woken up to what creates wealth—entrepreneurial activity. This is a positive sign. And again it is an advancement for Austrian economics, as it has been the Austrian school that has focused
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
Why is the aviation world all atwitter? Peter Klein explains what free market competition is and is not. Klein is the Mises Institute’s Carl Menger Research Fellow.
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
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.