One of the promises of socialism is to replace free market exchange and emergent pricing with central planning through computerized economic calculations. It’s not possible.
About Raushan Gross
Raushan Gross is an Associate Professor of Business Management and Leadership at Pfeiffer University and a contributor to Mises Wire. In this series we'll explore Entrepreneurship through Raushan's eyes and get his unique perspectives, advice, and observations.
Entries by Raushan Gross
Is the digital hand the last frontier for the average person to do good business in marketspaces? The problem with the dead hand is that it imposes barriers that eliminate the incentive for many to consider selling on eBay, Esty, Poshmark, etc. A requirement for permits and upfront fees to start entrepreneurial activities will impose disincentives to conduct business in marketspaces. Why?
The digital hand is the enablement of a broad and deep population of new entrepreneurs who have easy access to infrastructure and resources available via the internet and who can connect to every available source of knowledge, expertise, and support. The digital hand opens economic opportunities for everyday people who can participate as entrepreneurs in today’s economic marketspaces.
Although there is a proliferation of goods and services brought to markets by entrepreneurially minded producers and investors, this production was preceded by someone or some firm harnessing the power of human capital in order to produce those goods and services. Unfortunately, this is often ignored and we instead are regularly confronted by arguments against […]
A January 2020 Forbes Magazine article titled “Why Doing Good Is Good For Business” clearly left out critical information: who is the good or bad entrepreneur? According to the author, good entrepreneurs are doing good if their primary objective is not to make a profit. And bad entrepreneurs are doing bad if their primary objective is […]
Cultural factors are critical in developing entrepreneurship. Children who acquire a work ethic and values related to entrepreneurial success will have an advantage over their peers who have not had the same experience.
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