All human action is purposeful. Those are the words of an economist - Ludwig von Mises - not a preacher. Every one of us has goals we are working towards, many goals at many levels, from achieving …
Six Traits Of America’s Entrepreneurial Culture
The quality of life we enjoy in America today can be traced back directly to our entrepreneurial culture. The innovations of automobiles for everyone, safe, well-constructed homes, the electricity …
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99% Of Businesses Practice Free-Market Capitalism. Our Largest Corporations Practice Something Else.
Markets are incredible. They are the poetry of economics. We use them every day to solve complex social issues. These phrases are taken from Anthony J. Evans's book Economics: A Complete Guide For …
The Boundless Promise Of Decentralization For Business.
Asked for one single principle for the advance of business in the current digital age, I would vote for decentralization, defined as the intentional and designed release of control and leadership from …
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Technology Is Evolutionary, Entrepreneurship Is Revolutionary. In Combination, These Forces Change The Structure Of The Economy.
Technology evolves. It’s an unnerving thought. Technology is developing along pathways that are not necessarily planned or directed or even anticipated. Humans are not in charge of technology’s …
How Can Big Companies Act More Entrepreneurially? Install A New Value Engine.
Austrian economics recognizes the function of entrepreneurship as the driver of the market economy. It's the process that recognizes consumer dissatisfaction - the experience they always have of …