Ready to explore the fascinating world of Austrian economics? This article has got you covered! Whether you’re new to the subject or eager to learn more, we’ve handpicked five essential books just for you.
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.
Lower taxes are known to contribute to long-term economic growth, and after enduring so many economic setbacks, this would be the best chance millennials have of being able to secure a brighter future.
The pursuit of profit in the free market is often cited as the main cause of environmental disasters and poor environmental quality, leading to a lot of blame placed on entrepreneurs. However, this is certainly not set in stone. Indeed, the pursuit of profit can actually protect the environment, rather than devastate it.
What will Elon Musk’s takeover of Twitter actually mean for the future of social media and free speech online? What changes can we expect?
We hear from June Arunga, a Kenyan technology entrepreneur and CEO of Usafi Comfort Limited, about the issues faced by many entrepreneurs around the African continent to keep their businesses running.
All of the brainpower and raw materials that go into evading liquor laws or helping people pass drug tests could have been used for something more valuable (like just making more beer).
Evoking images of sinister railroad barons, scholar Lina Khan argues that antitrust officials should stop this acquisition.
On the 8th anniversary of Minecraft’s launch, let’s take a moment to appreciate just how great it is.
The rapid decline of poverty over the past forty years shows that there has never been more hope for rising incomes among the poor. We can help them best by promoting mobility through economic freedom.
Any entrepreneur who succeeds in reducing costs faced by a laborer who suffers from a disability can earn a profit.
Last night, millions of movie buffs, entertainment fiends, and celebrity gawkers from across the globe tuned in for the Oscars. While a few of us aficionados waited with bated breath for the announcement of Best Live-Action Short (Timecode was robbed!), for many viewers the awards ceremony isn’t the main event: The red carpet is what […]
Capitalism—stronger than any border wall or immigration ban—remains a resilient and deeply American system.
It’s safe to say that six years ago, we had no idea what we were doing.
If you missed the Reddit AMA with Isaac Morehouse last week, fear not! We’ve taken the liberty of compiling some of the highlights for your viewing pleasure.
Join us on Reddit for an AMA (“ask me anything”) discussion with Isaac Morehouse on Tuesday, January 24th, at 3:00pm EST.
The free-market concept is simple — private property owners should be able to preside over whatever policies they want.
When fans of Star Trek or Harry Potter write their own stories or make their own films or music set in those universes, are they hurting the original art or its creators? Or are they in fact making new art and adding something positive to the world?
Imagine a society that always encouraged you to make the right choices without forcing to make those choices.
The petty tyrants that occupy county zoning offices or health departments are exactly why we can’t have nice things.
A good part of the ethics of enterprise is reflected in the integrity, discipline, and quality of character that must enter into those individuals who choose the role of entrepreneurial leadership.
This behavior means that even the greediest of businessman, to make money, has to identify with the needs and wants of others, put them in the shoes of others, and help solve problems.
The beauty of the market is that it rewards people for creating value for others. Discover new means of creating value means trying new things, being entrepreneurial, and, yes: failing.