Tag: free enterprise

Want a Happier, Healthier, and More Prosperous Society? Try Freedom, Innovation and Incentives »

“I will promote freedom at all costs,” is the first line of the Draper University pledge. Draper University of Heroes is a school I created to encourage people with ideas and energy to pursue their visions through entrepreneurship and risktaking. For an entrepreneur, freedom matters most. The ability to try new things without government...
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I, Peach: A Lesson in Comparative Advantage »

As part of my lunch today, I enjoyed a big, ripe, sweet, firm peach. “So what?” you may be asking. Well, my doing so is more remarkable than one might think. You see, I live at the extreme end of the road, near a remote, isolated village in the farthest southeast corner of the...
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The Big Short’s Oscar Win and Capitalism in Film »

My blogging colleague Bob Murphy did a nice job of reviewing The Big Short in January, but the film is worth revisiting in light of its Academy Award win for best adapted screenplay. Nominated for five awards, including Best Picture and Best Director, with fine acting by all the principals in the star-studded cast,...
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The “Joy” of Entrepreneurship »

Jennifer Lawrence is up for Best Actress Oscar for her performance in Joy, a film loosely based on the entrepreneurial rise of inventor Joy Mangano. Lawrence may have a shot at the award after her Golden Globe win for Best Actress, and this would strike an important popular culture blow in favor of entrepreneurship....
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The Pilgrims’ Real Thanksgiving Lesson »

With Thanksgiving upon us once again, we offer a reminder of the economic lesson that made our first Thanksgiving possible: The Pilgrims’ Real Thanksgiving Lesson by Benjamin Powell Feast and football. That’s what many of us think about at Thanksgiving. Most people identify the origin of the holiday with the Pilgrims’ first bountiful harvest....
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U.S. Has Less Economic Freedom than Chile, Jordan, or Taiwan »

Today the Fraser Institute in Vancouver, Canada, released the 2015 Economic Freedom of the World Report (pdf) and it’s bad news for the United States, where economic freedom is falling. The U.S. ranks only 16th in economic freedom trailing Chile, Jordan, and Taiwan. The EFW Report measures the level of economic freedom in 157...
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In Memoriam: Nathan Rosenberg (1927-2015) »

I have just received the sad news that Nathan Rosenberg has died. Nate was an outstanding economic historian, and in my early years in the profession I viewed him as the very model of the kind of economic historian I wanted to become. He reviewed many of my early papers before their publication, and...
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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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Armen Alchian (April 12, 1914 – February 19, 2013) »

Arline Alchian Hoel reports that her father, Armen Alchian, “passed away peacefully in his sleep early this morning at his home in Los Angeles.” He was 98 years old. Armen Alchian was a major figure in the economics profession for more than half a century. At UCLA, where he spent his academic career as...
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Markets Promote Peace and Harmony »

The market economy is a remarkable institution: It reduces poverty, decreases discrimination, and provides opportunities for constructive social and economic advancement far more reliably than do government programs. And yet despite all the good that markets do, many people are dubious about the moral case for markets. As economist Dwight R. Lee writes in...
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