Mark Thornton comments in WND's article on recent cyber-security breaches. Thornton notes that, when breaches do occur, "Most, if not all of the time, the customer isn’t harmed; it’s the company that’s harmed. As a result, banks and retailers seek out enhanced security so criminals are less likely to be able to detect patterns.”
Jeff Deist and Peter G. Klein discuss the "Net Neutrality" scam.
Entrepreneurship still isn’t very popular in economics, but Austrian ideas are increasingly influential in contemporary management research, where the future is bright for young Austrians.
Last year, British entrepreneur Mike Watts made headlines when he opened England’s first private toll road in more than a hundred years. The road has now been closed, but its brief history provides a sad (and all-too-typical) example of how government sabotages entrepreneurs and hurts their customers.
Walter Block is interviewed by Grégoire Canlorbe of Institut Coppet on a variety of topics including modern Catholic social teaching, consumer sovereignty, and more.
States wish to gain monopolies and maintain them in all facets of life, while entrepreneurs strive to offer alternatives to the state.
States wish to gain monopolies and maintain them in all facets of life, while entrepreneurs strive to offer alternatives to the state. It's our job to prevent the state from simply declaring the competition illegal.
Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model "perfect competition" and monopoly, writes Frank Shostak.
In the dystopian movie Rollerball, all the world is ruled by one giant corporate state “controlling access to all transport, luxury, housi
Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model "perfect competition" and monopoly, in which there is no place for entrepreneurship, and which fails to grasp that consumers benefit more from a diversity of goods than a diversity of firms.
