As Mises said, “all action is human action”. In other words, although we form groups that can indirectly act through consensus, groups themselves aren’t physical entities (and thus they can’t act directly).
A company is a group of natural and/or legal persons typically involved in a for-profit or non-profit business.
One might assume James Monroe wrote the 1823 Monroe Doctrine, but its primary author was future-President and then secretary-of-state John Quincy Adams.
As James Madison said when discussing special interest factions and liberty in the Federalist #10, “Liberty is to faction what air is to fire, an aliment without which it instantly expires”.
All collectives are comprised of individuals, and all individuals comprise collectives; thus we can never fully consider collectives without considering individuals, or vice versa.
We explain the Financial Crisis / Great Recession of 2007 – 2009 that began with the 2006 housing bubble, led to a recession in the U.S. by December 2007, and became a global crisis by 2009.
Below we present an annotated version of Andrew Carnegie’s 1889 essay Wealth (better known as the Gospel of Wealth).
We examine the historical effects of social, political, and economic inequality on society to see how it has led to social unrest and events like revolutions and populist uprisings.
The rise of piracy and the birth of the public stock market roughly intersect, this is because the first public stocks were essentially a type of insurance against pirates.
There are different types of capital, value, commodities, and markets including natural, human, social, manufactured, and financial.
Mixed Reality is a mix of Augmented Reality and Virtual Reality where physical and digital objects co-exist and interact in real time.