Tag: austrian economics
A tale of three Austrian entrepreneurship views
March 21, 2023 | Post
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?
Rob Your Neighbor: the philosophy of publicly funded projects
December 19, 2022 | Post
The philosophy involved in Rob Your Neighbor, a game many families play at Christmas that involves buying generic gifts to be chosen at random, mirrors the public model of taxation.
Legends of Liberty: Edward Jenner
January 9, 2022 | Post
One thing everyone seemingly can agree on is that Pfizer, Moderna, Johnson & Johnson, and other pharmaceutical companies developed their Covid-19 vaccines in world-record time. Less than a year passed from the outbreak of the virus in January 2020 until a British woman received the first dose in December 2020. (And they could have been […]
Legends of Liberty: Carl Menger
December 20, 2021 | Post
Here’s a brainbuster for you: The product on the left will help keep you alive for 6-8 weeks. It costs $4.49. The other is nothing more than pretty to look at. It costs $161. Why? This paradox — the water-diamond paradox — troubled some of the world’s greatest minds. Plato wondered about it; Copernicus and […]
Highlights from Professor Steve Horwitz's AMA
October 17, 2016 | Post
We’ve taken the liberty of compiling some of the highlights for your viewing pleasure.
Ludwig von Mises: An Economist for Freedom and Free Enterprise
September 29, 2016 | Post
Today would have been Ludwig von Mises’ 135th birthday. Here we reflect on the profound contribution he made to economics.
What Caused the Financial Crises: Bankers or the Government?
February 29, 2016 | Post
Now that we’ve had eight years to digest the most recent financial crisis, the accepted narrative puts the blame squarely on the private banking sector. The conventional wisdom goes that the greedy banksters on Wall Street – not regulated thoroughly enough – took some risky bets on sub-prime mortgages and collapsed the housing market. It’s […]