Economists tend to use weird and unhelpful language. One of their terms is Transaction Costs and these things are really important. They’re the reason why firms exist at all, and they’re the reason …
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Entrepreneurs Bring Economic Progress – Which Is Far More Important To People Than GDP Growth.
Economists tend to represent economic growth as growth in the level of income and of GDP. But economic progress is far broader than that, and to focus on GDP growth is to ignore the most important …
Entrepreneurial Initiative Beats Corporate Innovation Process Yet Again. When Will They Ever Learn?
According to the Wall Street Journal, Altria, maker of Marlboro and other cigarettes, is planning to invest in Juul, maker of a cigarette alternative which vaporizes nicotine-containing liquids. These …
Here’s How Small Business Will Take Over The Planet.
Small business generates about 45% of US GDP, provides close to half of the jobs in the US Economy, and, in a typical year, accounts for more than 60% of the new job creation. That all adds up to …
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Don’t Go Left, Don’t Go Right, Go Entrepreneurial.
Everything has become politicized. Family, sex, gender, education, sport, economics, art, transportation, religion, climate, water, energy - there's no part of everyday life that politicians have not …
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6 Reasons Why Individualism Is The Best Social System For Everyone.
In his 12 Rules For Life, Dr. Jordan Peterson observes that our current world is “dividing and polarizing and drifting towards chaos”. He advises that, to avoid catastrophe, we each bring forward the …
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