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- Search found 16 items for:
- Entrepreneurship
- Art Carden
Mises Daily
Author:
Art Carden
Online Publish Date:
Popular and academic discussions of Wal-Mart are small-but-growing parts of the larger debate about social organization, markets, and the role of the state. Wal-Mart and its impact on labor markets have become hot-button political issues, with several states and municipalities attempting to pass laws expressly designed to keep Wal-Mart out. New
Mises Daily
Author:
Art Carden
Online Publish Date:
When a firm’s revenue is greater than its costs, that firm earns a profit. When a firm’s costs are greater than its revenue, that firm suffers a loss. Fair enough. But what do profits and losses mean? Are they the product of blind chance? What useful information can possibly be contained in profits and losses? Contrary to public opinion, profits
Mises Daily
Author:
Art Carden
Online Publish Date:
A quick scan of any newspaper suggests that high fuel prices have disrupted our daily affairs. While politicians and pundits across the political spectrum are fretting about the need for a national energy policy, wringing their hands about the apparent un-American-ness of our dependence on foreign oil, and worrying that the massive run-up in gas
Mises Daily
Author:
Art Carden
Timothy M. Shaughnessy
Online Publish Date:
Hurricanes Katrina, Rita, Gustav, and Ike are gone but their legacies will live on. We can learn from disasters and disaster recovery: natural disasters are “teachable moments” because they show how well-intentioned government interventions and even private aid can have unintended negative consequences. Shortages, complaints of “price gouging,”
Mises Daily
Author:
Art Carden
Mike Hammock
Online Publish Date:
Paul Samuelson, one of the most famous and influential economists of the 20th century, was once asked to name an idea in economic theory that was both true and nontrivial. After several years, he responded that the law of comparative advantage fits the bill, saying that its logical truth “need not be argued before a mathematician” and arguing that
Mises Daily
Author:
Art Carden
Online Publish Date:
My son is almost three months old, so suffice it to say that my wife and I have spent a lot of time thinking about, purchasing, changing, and disposing of diapers. I was reassured when I read that, according to a British government study, the carbon footprint attributable to disposable diapers is markedly lower than the carbon footprint
Mises Daily
Author:
Art Carden
Online Publish Date:
Low wages in developing countries are among the many sins allegedly committed by global capitalism, but few of those making the charge really stop to think about why wages are so low in some developing countries. In his 2007 book The Myth of the Rational Voter , economist Bryan Caplan proposes an interesting thought experiment which suggests that
Mises Daily
Author:
Art Carden
Online Publish Date:
I saw my first Tesla Roadster a few weeks ago; I passed it in Los Angeles on my way to the airport. I have heard interesting things about Tesla as an innovative company: they have broken new ground on the production of cars that don’t run on gasoline and that don’t produce noxious emissions. The first-generation Tesla Roadsters are shockingly
Mises Daily
Author:
Art Carden
Online Publish Date:
Unfortunately, the great libertarian polemics of the middle of the 20th century are taking on a newfound relevance as we trudge along the road to serfdom. Fortunately, the most important ideas in the classical-liberal tradition are crystallized in these works. One such work is Ludwig von Mises’s 1956 book The Anticapitalistic Mentality . He