Economics

Entrepreneur and Un-entrepreneur characteristics

I’m a fan of Arnold Kling and Nick Schulz’s From Poverty to Prosperity: Intangible Assets, Hidden Liabilities and the Lasting Triumph over Scarcity. I wrote about it here. It’s about Economics 2.0, as they call it, one key feature of which is putting the entrepreneur front and center — in contrast to much of traditional

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Anecdote: Warren Buffett and the power of corporations

One regularly reads or hears condemnations of the power of business corporations in the modern world. So let’s think about the nature of power. Witness Warren Buffett. Buffett is currently the sixth richest man in the world and head of the powerhouse Berkshire Hathaway corporation. I’m not a fan of his political or economic views,

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“What Business Ethics Can Learn from Entrepreneurship” — text and audio versions

My short essay on “What Business Ethics Can Learn from Entrepreneurship” [pdf] was published in the Journal of Private Enterprise in 2009, just when entrepreneurism was beginning to get attention in the business ethics literature. The abstract: “Entrepreneurship is increasingly studied as a fundamental and foundational economic phenomenon. It has, however, received less attention as

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Empires of conquest and empires of commerce

Reposting this question: In this post-colonial era, what explains the dramatically different levels of prosperity in nations after they become independent of their colonizing powers? Why, for example, has the prosperity of North America been consistently higher than that of Central and South America? Both are rich in natural resources, both involve nations started from scratch,

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David Hume’s current influence

David Hume topped this 2009 PhilPapers survey of most influential and admired philosophers (scroll down to bottom of the page to “Non-living philosophers most identified with”). Aristotle came in second and Kant third. I’ve been thinking much about Nietzsche and Heidegger recently: eleventh and eighteenth, respectively. Overall, the list was still dominated by thinkers in

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