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Institutional Factors Encourage Entrepreneurship
Markets and entrepreneurship can be restricted by government intervention. Regulation disrupts the spontaneous order of the market and stifles entrepreneurship.
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In a free market, profits incentivize and signal wealth creation. Losses show us that resources are being wasted and can be used in a valuable way elsewhere.
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FEE Store
Featured Product
Anything Peaceful T-Shirt
$15
This shirt in a brilliant "FEE blue" removes all the complications from politics and economics by offering a simple maxim: "Anything Peaceful." FEE's founder Leonard Read wisely articulated this principle for a free society. It means that people should be permitted to follow their own lights so long as they do not injure others. A free society, he said, tolerates every manner of nonviolent activity. Wearing this not only displays your own commitments, but also helps others understand the core principle of a free society.
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Anything Peaceful T-Shirt
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Excuse Me, Professor
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Great Myths of the Great Depression
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Economics In One Lesson
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