Tag: Entrepreneurship
Entrepreneurial Economies
Academic institutions increasingly are recognizing the importance of entrepreneurship to the performance of an economy, and in response, many (including my own institution, Florida State University) have established entrepreneurship programs to give students some skills that can help them succeed as entrepreneurs. I’m supportive of these efforts, but the degree to which individuals in...
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In The Heights Celebrates First-Gen Americans
The unexpected and broad-based protests erupting in Cuba are a poignant reminder of the lost liberty experienced by people under authoritarian regimes. The opposite could be said for the movie In The Heights, the film adaptation of Lin-Manuel Miranda’s Broadway musical. If the dissent on Cuba’s streets show the dark side of contemporary Marxism,...
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Capitalism: Getting Ahead and Staying Ahead
Joseph Schumpeter described capitalism as a process of creative destruction, and an economic system that is always changing, never stationary. He called capitalism an evolutionary process and said the engine that keeps the economy advancing is entrepreneurship. In a capitalist economy, people get ahead by being entrepreneurial: looking for ways to create value for...
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Google Scientist Takes On “Robogeddon”
The future of work has always been a hotly debated subject. The heat has been turned up recently with advances in robotics and artificial intelligence (AI). One view, expressed by Stowe Boyd, lead researcher at GigaOM Research, is that robots will yield a net reduction in jobs for humans, “The central question of 2025...
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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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Pope Francis’s Failure to See Entrepreneurs as Good Samaritans Undercuts the Poor
On April 25, a videotaped talk by Pope Francis was released at the international TED conference in Vancouver, Canada. The 18-minute talk, titled “Why the Only Future Worth Building Includes Everyone,” can be viewed here. Francis highlighted three themes, beginning with the observation that community is central to human existence: [L]ife flows through our...
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The Dignity and Value of Work in La La Land and Moonlight
The award-winning films La La Land and Moonlight did more than share a chaotic stage in the closing moments of the 89th Academy Awards. They also share an intriguing underlying economic theme through rare insight into the substance and dignity of work, albeit in radically different ways. Work is front and center in La...
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Rock Music, Censorship, and Zimbabwe’s War of Independence
Independence Day in the United States is a good time to reflect on independence movements elsewhere. Before there was Zimbabwe, there was Rhodesia, where a white minority government oppressed blacks and “colored” (mixed race) people using force and apartheid-style policies. In the 1970’s, the last decade of the country’s War of Independence, rock music...
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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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Douglass C. North (November 5, 1920 – November 23, 2015)
I met Douglass C. North exactly forty-eight years ago, during the final week of 1967, when the American Economic Association was holding its annual meetings in Washington, D.C., and I went to Doug’s room at the Shoreham Hotel to be interviewed for a faculty opening at the University of Washington, where he was chairman...
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