Reflecting on the Constitution in 2019

This week – Constitution Week – I am reflecting on what was so intriguing to me about the American Founding and the Constitution.

Entrepreneurship in Organizations: Change from the Bottom Up

In a story about entrepreneurship, you might not expect the main character to be a military colonel. Common perception tends to see the entrepreneur as one who builds a firm, attempting to earn...

The Rise and Fall of the Gold Standard

Many people are familiar with the gold standard, but few understand it. The gold standard was the system whereby gold and claims to gold were used as money. For nations operating under the gold...

Technological Revolutions

By the time you finish reading this post, I hope to convince you that ‘technology’ refers to an especially broad range of phenomenon...

Mises Meets Wittgenstein: Language Games and Value Creation

Ludwig von Mises argued all action is aimed at creating value for the man or woman that is acting. This postulate is the starting point of analysis, which Mises referred to as “the axiom of Human Action.”

Is Economic Freedom the Secret to Happiness?

The scientific study of happiness and well-being is relatively young. The field got its start as philosophers sought to discover what it meant to live a meaningful and virtuous life.

What is an Institution: Part 2

This is Part 2 of a two-part series covering the definition, health, and evolution of institutions.

The Heath and Evolution of an Institution: Not all institutions are of equal quality...

What is an Institution: Part 1

This is Part 1 of a two-part series covering the definition, health, and evolution of institutions.

The word “institution” commonly appears in social science literature...

Top of page