Tag: Entrepreneurship

Piketty’s Capital: II »

Thomas Piketty’s Capital in the Twenty-First Century is well-written and well-researched, as I have indicated already, but it has some fundamental problems with the way it depicts capital. Piketty says “the first fundamental law of capitalism” is that the share of income going to capital, α, is equal to the return on capital, r,...
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The Austrian School of Economics »

I’ve just published a short book, Advanced Introduction to the Austrian School of Economics, which is designed to give people with some knowledge of economics an explanation of what ideas distinguish the Austrian school from mainstream economic thought. The paperback is relatively affordable ($22.36 if ordered on-line). The book is much slimmer in person...
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New Video with Ron Paul: “Defining Liberty: The Future of Freedom” »

How can Americans overcome record government spending and debt, escalating healthcare costs, intrusive federal surveillance, endless wars, ongoing economic malaise, high unemployment, failing schools, and increasing abuses of civil and economic liberties? In this superb, new video from the recent, sold-out event sponsored by The Independent Institute and The Smith Center for Private Enterprise...
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Why Occupational Licensing Is Unjust, Unneeded, and Increases Income Inequality »

Employment gives people earned satisfaction and upward mobility. It can be especially fulfilling when a person is employed in their preferred field. But government policies often deprive some people of these benefits by establishing artificial barriers to employment. One such barrier is occupational licensure that prohibits employment in a specific occupation unless a would-be...
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Want to Start a Private Postsecondary School in California? Good Luck »

Not everyone wants to attend a traditional four-year college. A lot of people want to learn a trade and start a career immediately out of high school. Vocational schools have served these people in the past and helped them learn a trade in fields such as automotive repair, cosmetology, or nursing. Other people want...
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Global Poverty and the Tyranny of Experts »

Recovering former World Bank economist William Easterly has a new book on the folly of top-down development aid, The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor. As its title suggests, Easterly emphasizes the pernicious role played by technical “experts” from international development agencies in crafting policies that encourage authoritarian...
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Judge the Pope’s Exhortation by Results, Not Rhetoric »

Pope Francis recently urged all people to have greater compassion for the poor. And to his credit he emphasized the moral imperative of helping to reduce poverty around the world. Unfortunately, the approach advocated by Francis would result in more human suffering, not less. In his strongly worded apostolic exhortation “Evangelii Gaudium” or “The...
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The Independent Review—Winter Issue Now Available »

The winter 2014 issue of The Independent Review is hot off the press! This edition of the Independent Institute’s 160-page scholarly journal includes a stimulating mix of timely topics and enduring themes, including a symposium on Nobel laureate economist James M. Buchanan and classical liberalism. Read it and gain a deeper understanding of the...
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Carpe Diem: Washington’s Foundations Are Showing Cracks »

After 12 years of seemingly inexorable blind faith in an ever more powerful and intrusive government, a spate of recent polls finally shows support crumbling for Washington’s hubristic overreach: The new Gallup poll: “Record High in U.S. Say Big Government Greatest Threat: Now 72% say it is greater threat than big business or big...
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How Small Business Is Reacting to Obamacare »

The International Franchise Association and the Chamber of Commerce have released a survey of companies representing 42 million jobs: Sixty-four percent of franchise and 53 percent of non-franchise businesses believe the health care law will have a negative impact on their businesses. Twenty-nine percent of franchise and 41 percent of non-franchise businesses are already...
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