How Bad Is It?
Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.
Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.
The timing is right for pursuing Austrian themes and further leveraging Austrian theory in entrepreneurship, and extending and elaborating on Austrian entrepreneurship theory.
Our friend Robert Bradley recently took a look back 25 years ago when the New York Times still had some scientific backbone.
Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.
Here is an interesting table comparing 9 schools of economic thought.
Call for Papers for a special issue on "Business Management and Austrian Economics" in the journal BFuP - Betriebswirtschaftliche Forschung und Praxis.