By Mollie Williams Most people would pay little attention to an ambulance with a “For Sale” sign sitting on the side of the road. But when Phillip Truesdell spotted the ambulance, he saw a business opportunity. Over the past two years and with the help of his family, Truesdell has taken that ambulance and built a business, Legacy Medical Transport. Legacy is a … [Read more...] about This Entrepreneur Is Suing for the Right to Transport Hospital Patients Across State Lines
Entrepreneurship
Creativity Is the Driving Force of the Market
By Donald J. Boudreaux No story in economics is as powerful as is Leonard Read’s 1958 I, Pencil. Encountering this story can completely change your understanding of society. Just as Adam Smith did 182 years earlier when contemplating an ordinary woolen coat, Read marveled at the vast amount of human knowledge, effort, and cooperation that are daily harnessed to make … [Read more...] about Creativity Is the Driving Force of the Market
California’s Contractor Law Violates Free Speech
By Robert E. Wright It is becoming increasingly difficult to reject the hypothesis that California lawmakers are trying to solve their state’s notorious housing crisis by driving out everyone who isn’t a lover of earthquakes, fires, to-die-for weather, and arbitrary government. Their latest Constitutional faux pas is AB5, which, among many other things, limits California … [Read more...] about California’s Contractor Law Violates Free Speech
A World Without Entrepreneurs
By Raushan Gross Reading Per Bylund's interview "How Entrepreneurs Build the World" inspired a thought: what would the world be like without entrepreneurs? Given that entrepreneurs are central to the market system, a world without entrepreneurs—or with only a few of them—would be a grim situation. Without entrepreneurs, we'd see few new products, little innovation, and few … [Read more...] about A World Without Entrepreneurs
The Adverse Impact of Government Bureaucracy on Private Employment
By Daniel J. Mitchell When I did this video about public-sector compensation almost 10 years ago, I focused on why it is unfair that bureaucrats get much higher levels of compensation than people working the private sector. Today, let’s consider the economic consequences of excessive bureaucracy. And what will make this column particularly interesting is that I’ll … [Read more...] about The Adverse Impact of Government Bureaucracy on Private Employment
5 Things Budding Professionals Can Do to Manage Their Personal Brand
By Chloe Anagnos The internet has changed the way people interact, do business, and remain relevant. That’s why building a brand is no longer only about establishing companies and cultivating their reputations. Now, entrepreneurs, industry leaders, and just about anyone with a career (or trying to build one) can benefit from having a personal brand. When you’re ready to … [Read more...] about 5 Things Budding Professionals Can Do to Manage Their Personal Brand
Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime
By Graham Smith Thanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down. Meanwhile, the most heinous criminals in history are continuing to facilitate violence, trafficking and laundering of cash with impunity. Also Read: Why the Counter … [Read more...] about Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime
Is the Customer Always Right? No, but…
By Dan Sanchez It's easy to scoff at the old saying, "the customer is always right." As anyone who has worked retail knows from experience, the customer can be magnificently wrong, as well as ignorant, unreasonable, rude, even abusive. So the saying shouldn't be taken literally, but that doesn't mean it has no value. Sayings are often intentionally exaggerated in order to … [Read more...] about Is the Customer Always Right? No, but…
New Ideas are the Key to Economic Development
By Art Carden Arthur Diamond’s Openness to Creative Destruction: Sustaining Innovative Dynamism joins a growing pile of books that seek to explain what the economic historian Deirdre McCloskey calls the Great Fact: the mind-boggling increases in per capita income in the last two and a half centuries that started in Northwestern Europe and spread around the world. Diamond … [Read more...] about New Ideas are the Key to Economic Development
California’s War on Gig Work Falls Hardest on Women
By Ben Johnson This year, California’s progressives decided to wage war on the nightmare of being your own boss. A new state law aimed at limiting the gig economy has already cost hundreds of people their jobs—and had a seriously harmful impact on women’s earnings and long-term happiness. Assembly Bill 5 curbs the ability of companies like Uber and Lyft to classify their … [Read more...] about California’s War on Gig Work Falls Hardest on Women
9 of the 10 Richest People in the World Are Self-Made Entrepreneurs
By Jon Miltimore Every year Forbes publishes its list of the 400 wealthiest Americans. Topping the list in 2019 for the second year in a row was, to no one’s surprise, Jeff Bezos. The Amazon founder kept the top spot despite a divorce that sent his net worth tumbling from $160 billion to $114 billion. Worldwide, Americans represent a sizable portion of the wealthiest … [Read more...] about 9 of the 10 Richest People in the World Are Self-Made Entrepreneurs
How Entrepreneurs Learn from the Marketplace
By Raushan Gross Ludwig von Mises wrote that “we are historians of the future.”1 But, the heterogeneity in knowledge makes it virtually impossible to know everything there about historic market trends, or even about local economies.This is why F.A. Hayek emphasized there is no such thing as perfect knowledge among individuals at any given time. Everything is constantly … [Read more...] about How Entrepreneurs Learn from the Marketplace