Free-market environmentalism combines the ideals of environmental protection with the principles of a free-market economy. It acknowledges that markets can provide powerful incentives for conservation and environmental stewardship, and that private property rights and contracts can be leveraged as tools to protect the environment. But how exactly does this work?
Tired of riding the fortunes of the weather, Australian farmers are increasingly turning to regenerative agriculture to sustain their land during periods of drought.
While Austrian economists have made great contributions in many subdisciplines of economics, their critiques of mainstream views of entrepreneurship have received arguably the most praise. Modern-day finance and entrepreneurship classes even use Austrian ideas dating back to Carl Menger’s Grundsätze der Volkswirtschaftslehre (Principles of Economics). But has Austrian Entrepreneurship Theory remained constant ever since?
Joseph Schumpeter (1883-1950) was an Austrian economist and political scientist. Born in what is now the Czech Republic, he studied at the University of Vienna, and his publications were closely tied to the Austrian school of Economics.
If levied, the “billionaire tax” targeting unrealized capital gains would penalize entrepreneurship and have unprecedented destructive potential
Is it fair that CEOs get paid millions—even billions—while there are so many people still in poverty? Well, it depends! Watch the second entry in our question and answer series with Prof. Howie Baetjer.
Is human blood a “public resource”? Prof. Peter Jaworski argues that your bodily fluids belong to you, and governments should let you sell them.
What’s the evidence that economic freedom is beneficial for society? Prof. Antony Davies shows charts of the free market’s effects on unemployment, inequality, poverty, and even child labor.
Property rights in a market economy can help us overcome negative externalities and create value for each other. Learn more with Dan Russell.
One entrepreneur’s invention cut world poverty and revolutionized manufacturing. Learn more with Steve Davies
Israel Kirzner showed us how entrepreneurs make the world better: they specialize in discovering missed opportunities. To learn more about entrepreneurs, click to watch.
The job market is in the dumps, especially for young people. Luckily, politicians have come to the rescue! Trump promises he’ll be “the greatest jobs president that God ever created.” And Bernie plans to spend $18B to get our economy back on track. But if government takes tax money from some businesses to create jobs […]
Did you know that American anarchist, abolitionist, and lawyer Lysander Spooner started the American Letter Mail Company in 1844? It succeeded in delivering mail for lower prices, but the U.S. Government challenged Spooner with legal measures, eventually forcing him to cease operations in 1851.
Without economic freedom, we cannot exercise our other freedoms. The freedom to speak is meaningless if the government prevents us from traveling from our homes or paying for a phone call. The freedom to write is meaningless if the government prevents us from selling newspapers. The freedom to worship is meaningless if the government forces […]
It’s October, which means it’s one of the best months of the year for drinking beer. Whether it’s the crisp, clean taste of an Oktoberfest or the soft, spicy kick of a pumpkin ale, the seasonal brews available this month bring us some great variety after a summer of drinking our favorites. In the three […]
Earlier this year, I was making travel arrangements for a trip to Charleston. I booked my flight and hotel, and was about to book a rental car when I thought “wait a second. Charleston has Uber, doesn’t it?” It does, and I took UberX—the service that allows anyone who meets Uber’s requirements to drive for […]