The Entrepreneur

Displaying 1 - 10 of 377

It's The Customer, Stupid: A Marx vs. Menger Battle on Netflix

The EntrepreneurLabor and Wages

Blog09/17/2018

The Company Men shows how, in order to move on from a devastating layoff, workers must first figure out how to be valuable to the customers.

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Why the "Economy Is an Engine" Metaphor is So Wrong

Booms and BustsThe Entrepreneur

Blog09/06/2018

The economy is not an engine, or a tool, and does not perform any “work.” The economy is you and me.

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Three Economics Lessons I Learned from My Dad

The EntrepreneurLabor and WagesProtectionism and Free TradeValue and Exchange

Blog07/25/2018

Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.

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Most Entrepreneurs Are Bad Entrepreneurs

The EntrepreneurEntrepreneurship

Blog07/23/2018

If you are “self-employed,” you do not have the luxury of focusing on keeping down or cutting (your) costs instead of creating value.

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Robots Do Not Destroy Employment, Politicians Do

The EntrepreneurLabor and Wages

Blog06/29/2018

Countries with the highest levels of robotization have the lowest unemployment rates.

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"Windfall Profits" Aren't a Problem

The EntrepreneurEntrepreneurship

Blog06/16/2018

Once it is understood that profits and losses evolve from the changing values of consumers, it becomes obvious that abolishing windfall profits or windfall losses is impossible.

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Starbucks Case Illustrates How Government Police Aren't Like Private Police

The EntrepreneurThe Police State

Blog05/05/2018

Unlike government police, private firms often suffer falling stock prices and falling revenues when running afoul of public expectations. 

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Why the Cleveland Browns Need More than Draft Capital to Be Successful

The EntrepreneurMedia and CultureCapital and Interest Theory

Blog04/26/2018

The Cleveland Browns enter this year's NFL draft with a tremendous capital advantage to other teams. That's not enough to guarantee their success. 

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Lenin Was Right

The EntrepreneurEntrepreneurshipMoney and Banking

Blog04/02/2018

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. 

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What Entrepreneurs Can Learn from the Cummins Engine Company

The Entrepreneur

Blog03/27/2018

In the pursuit of profit, many firms also seek to improve their communities in more intangible ways. 

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