Smith to Entrepreneurs: Go Forth With Prudence
Reprinted from AdamSmithWorks Adam Smith’s writings leave us with unresolved puzzles. The Theory of Moral Sentiments (TMS) cautions us against the dangers of ambition, while the “liberal plan” of The Wealth of Nations (WN) gives free reign to certain types of ambition. Scholars continue to
Made to be Broken?
Which makes the world go round, entrepreneurs or institutions? Depending on whom you read, the emphasis differs. Some scholars (Ludwig von Mises, Joseph Schumpeter, Israel Kirzner) highlight the entrepreneur’s role as an innovator, a change agent, a market driver, a forecaster of
Labor Market Remains Tight as Initial Claims Fall Again
Initial claims for regular state unemployment insurance fell by 16,000 for the week ending September 24th, coming in at 193,000. The previous week’s 209,000 was revised down from the initial tally of 213,000 (see first chart). Claims have fallen for
Energy Crisis Explained: EU Mandates to “Flatten the Curve” (Video)
Europe and other Western nations are facing a very real energy crisis right now. In this video, Kate Wand explains the energy crisis in Europe and the collectivist nature of the West’s war on climate change. If energy security were the priority,
British Universities Show Why “More” Does Not Mean “Better”
Reprinted from the James G. Martin Center for Academic Renewal The Biden administration is seeking to “cancel” student debt by transferring what individual students owe to the American taxpayer. Opponents question why Americans who never graduated from college, and had none of