Unsurprisingly, not all economists agree on how to approach what used to be called “political economy”. Adam Smith in 1776 defined it as “an inquiry into the nature and causes of the wealth of nations”. It was understood that the default state of mankind was poverty, so the question was how people become wealthy.
Episode 431 has Skyler reading and giving his commentary on an article by entrepreneurship professor Per Bylund titled, “Debunking Seven Common Criticisms of Austrian Economics”.
This week, the Wall Street Journal reports that entrepreneurship during the pandemic is accelerating. Several metrics point to this growth, including the number of people applying for tax identification numbers. The Journal cites US Census Bureau data revealing that applications by small businesses rose nearly one-third between January and September, compared to the previous year. In particular, applications skyrocketed between July and September, rising 77 percent from the previous quarter—the biggest quarterly increase in 16 years of tracking this data.
Or, horror fiction on a libertarian website, if you prefer (see my bio below). Most of us have heard this expression, but for the uninitiated, it means attempting to market a product, service, or idea to the wrong or inappropriate audience or demographic. Thing is, I recall a hardware store in New Hampshire about 20 years ago that did sell fried chicken – and it was delicious.
The pandemic offers a moment ripe for “creative destruction."
Instead of waiting for instructions from authorities, enterprising parents and entrepreneurial teachers are joining forces and taking initiative.
This episode features a talk by serial entrepreneur and education activist T.K. Coleman from 2016. “I want everyone to leave there feeling convinced that we have a tremendous amount of power to create a freer world without relying solely or primarily on politics. Moreover, I want them to have concrete and inspiring examples of how this is being done and how they can get involved.”
When considering a way forward, the discussion initially seems to be complicated because there are a lot of things that have gone wrong in the aftermath of George Floyd’s tragic death.
Fuck the cold metallic gloved dead hand of human chess playing technocratic ghouls who want to squelch and contain and document and track and sterilize it to death.
More than one billion students around the world are currently missing school due to the COVID-19 pandemic. Several US states have already canceled school for the remainder of the academic year, turning to online learning when possible, and other states are likely to extend their school closures soon. Some educationists panic about learning loss while children are at home with their families, and headlines abound about how “homeschooling during the coronavirus will set back a generation of children.”