The term “entrepreneurial state” is an oxymoron. As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial in the end misallocate resources, waste money, and achieve poor results.
At the recent International Union for Conservation of Nature event in Belgium there were very few (or no) economists, sociologists, philosophers, entrepreneurs, and nature-oriented landowners.
Not a single person on the face of this earth makes a pencil. Not only is this corollary true, but it’s also now jurisprudence.
Jack Solowey When thinking of tech antitrust, the Biden administration’s quixotic campaign against the likes of Meta, Google, and Amazon probably comes to mind. But in addition to suits against big-name Internet platforms, the Justice Department filed an antitrust case this fall against a decidedly more
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a number of astute observations about economics.
As with any other government-controlled institution, a high level of public skepticism about elections is healthy.
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify mankind on a cross of gold.” But at least even Bryan favored silver money. Today‘s political candidates will crucify us on a cross of paper.
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes, as war leads to destruction of civilization. The outcome of the American war of secession proved that point eloquently.
Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one should understand that the state is never constrained by the voters and cannot be “reformed.”