Entrepreneurship

The dot-com shakeup reminds us that both profit and loss have social and economic merit and should be allowed to take their market-driven course, says Lew Rockwell.

Benjamin Tucker wrote that "Power feeds on its spoils, and dies when its victims refuse to be despoiled."

Al Hunt of the Wall Street Journal is excited. The leftist columnist believes that he has found a wonderful "Third Way" example of using government to help poor people without the whole thing becoming yet another socialist giveaway. However, as with most government schemes that Hunt and his statist media colleagues like to tout, the latest example of "social entrepreneurship" is simply another fraud at worst and a misuse of resources at best.

Peter Huber's valuable book relies in part on a questionable premise, but this very dependence makes possible its key contribution.

Judge Jackson's decision in the Microsoft case assumes that superior technology doesn't win out in market competition. Is he right?

The Wright Brothers are so unusual from today's perspective, and still inspiring, because they did it all themselves. Tinkerers running an Ohio bicycle shop in the 1890s, the Wrights decided that by rethinking old assumptions and performing careful experiments good old Yankee ingenuity they could realize one of mankind's oldest dreams.

Their advantages over government courts. 

How two different economies dealt with the inevitable.

Ed Shanahan on the significance of the Austrian tradition.