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There are two recent Entrepreneurship related posts on the Mises blog; last night a post congratulating Professors Klein and Koss for their winning paper in the Journal of Private Enterprise, the other from today's Mises Daily recommending Huerta de Soto's Socialism, Economic Calculation, and...
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First of all, let me preemtively apologize for the length of this... Let me explain my situation. I'm 18 years old and about to start college in a few days. I've spent this entire summer, as well as the past two years, devouring everything on economics I could find. I'm lucky; I discovered...
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Let me explain my situation. I'm 18 years old and about to start college in a few days. I've spent this entire summer, as well as the past two years, devouring everything on economics I could find. I'm lucky; I discovered the Austrian School early in my life, and have just finished "Man...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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Consider reading this short piece by Rothbard entittled "Professor Hebert on Entrepreneurship." It seems to me that we can dissolve Rothbard's critique by a simple terminological change. Let's call an entrepreneur "alert" if he is perceiving a true or genuine profitable opportunity...
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Dear all, I have a theory. I've been influenced by Ayn Rand's and Joseph Schumpeter's emphasis on entrepreneurship: that it's not really the market (as the sum of the desires of the peope) is what causes prosperity, that's rather just a resoruce like land or ore: it is those few extremely...
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Nathyn, You obviously haven't read a lot concerning the ABCT. There is a lot of information in this site on it. I recommend all the lectures by Garrison especially, and the on line book "Prices and Production" by Hayek. [quote user="Nathyn"]When fractional reserve banking is established...
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[quote user="Xevec"]Price is made up of labor and profit. It is all collected by the business and distributed to the employees and to other businesses that distribute to their employees and retain their own profit. Profit does not contribute to wages. Sales do. The business does not pay for...