Given the State's far-reaching involvement in various aspects of our lives today, it's clear that the absence thereof would at least to some degree have led to an alteration of the social and economic arrangements presently characterizing our societies. Anarchists all agree that a stateless society would, generally speaking, turn out better than a Statist … Continue reading Entrepreneurship in a Stateless Society
Can you list up all the ways that the world has improved since the Industrial Revolution? I think one hardly can, though one could get very far trying. We're enjoying living standards that were unimaginable to the people of the 19th century: twice as high life expectancy; an abundance of new goods and services that … Continue reading Why Do People Hate the Engine of Progress?
This book review was originally published on Medium. Profit and Loss is a short book (some might say a pamphlet) by the great economist Ludwig von Mises on just 56 pages about what profit actually means and the significance it has for the entrepreneur and the economy at large. He dispels common myths about profit and … Continue reading What Profit Really Means: A Book Review of Ludwig von Mises’ “Profit and Loss”