As an economic innovation, Uber exemplifies the way creative entrepreneurs discover new methods of providing better, less expensive consumer products and services. It also demonstrates how such creativity helps people navigate around barriers to entry created by government regulations that, though designed to protect consumers, end up protecting incumbent firms. 235 more words
Tags » Foundation For Economic Education
So I found this article on the Foundation for Economic Education site and I think it’s a brilliant idea to slowly reduce the size of the state while making people aware of its true size and effect. 410 more words
What change do you want to see in the world? Maybe you want marijuana to be legal. Or you want to curtail police brutality. Or perhaps you want to reduce the racial disparity in prisons. 550 more words
Government is not well suited to regulate markets in many respects. In the first place, regulation is never absent from free markets: consumers, competitors, technology and all factors of production such as labor ultimately represent a network of forces that regulate market outcomes. 347 more words
Una actitud positiva hacia el emprendimiento y una apreciación de su valor social es esencial para progresar, tanto en Japón como en Guatemala.
En el lejano Japón, un empresario vuelto filósofo descubrió por su propia cuenta que la paz social es resultado directo de un ordenamiento económico que permite a las personas prosperar mediante el trabajo honesto. 576 more words
Prohibiting the consumption of any good is always likely to have undesirable effects. One typically unintended consequence is the tendency for less costly varieties of the good to disappear in favor of expensive variants, which provide rewards to suppliers that better compensate for the legal risks inherent in their trade. 158 more words