"Politicians from both parties are much too concerned about job creation when they should be concerned about value creation. Creating jobs is easy; it’s creating value that’s hard." Creating Jobs vs. Creating Value (Text)
Nassim Taleb of NYU-Poly talks with EconTalk host Russ Roberts about his recent paper (with Constantine Sandis) on the morality and effectiveness of "skin in the game." When decision makers have skin in the game--when they share in the costs…
Thomas McCraw of Harvard University talks about the ideas of Joseph Schumpeter from his book, Prophet of Innovation: Joseph Schumpeter and Creative Destruction. McCraw and EconTalk host Russ Roberts discuss innovation, business strategy, the role of mathematics in economics, and…
Mike Munger of Duke University talks with EconTalk host Russ Roberts about profit. What is profit's role in allocating resources? How should we feel about the people who earn profits or who take them in ways that may not be…
Schumpeter's ideas on entrepreneurial capitalism, creative destruction, and resentment towards capitalism.
Israel Kirzner, Emeritus Professor of Economics at New York University, presented his lecture 'Entrepreneurship and the Market Process' during the Advanced Austrian Economics Summer Seminar in Irvington, NY.
Dr. Alexei Marcoux (Loyola University Chicago) compares and contrasts three major conceptions of entrepreneurship from economists Joseph Schumpeter, Frank Knight, and Israel Kirzner.
Peter G. Klein discusses the role of entrepreneurship in shaping the economy and discusses some of the common economic concerns and misunderstandings that surround economic activity.