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Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.
The EntrepreneurU.S. HistoryPolitical Theory
The benefit of automation is that it leads to an increase in real wages. This was true 100 years ago, and it is still true today.
The EntrepreneurPolitical Theory
Areas where median wages are lowest are hurt the most by minimum wage increases. Puerto Rico is no exception.
The EntrepreneurPolitical TheoryValue and Exchange
The unregulated SEO industry shows how companies seek to out-do each other in terms of quality for customers.
The EntrepreneurGlobal EconomyU.S. HistoryEntrepreneurshipPolitical Theory
Although the election is over, the ideological fight continues.
The EntrepreneurFree MarketsEntrepreneurship
We are told that robots will take our jobs. However, material liberation has allowed us to live more fulfilling lives than before.
The EntrepreneurFree MarketsGlobal Economy
Whales were rapidly on their way to extinction until the petroleum industry undermined the whaling industry.
The EntrepreneurFree MarketsMedia and Culture
Only peaceful social cooperation enables us to take advantage of the best parts of human life and escape the tyranny of biological competition.
The EntrepreneurThe Police StatePolitical Theory
You want to give free food to the homeless? "Too bad," say regulators who'd rather people get no food than "unapproved" food.
Recent minimum wage increases will both increase the cost of living and limit employment for low-skilled workers.