When an entrepreneur leaves the old unit to create a new venture, he goes through a process of guessing at prices in the future, and also guesses at the rate of profit to use in the spreadsheets for his business plan. Old units provide some base line for these guesses, as far as they relate to...

Much of the academic analysis of American crony corporate capitalist economy addresses the micro economic effect on how individual firms use political influence to skew financial benefits to themselves.The more damaging economic effect of crony capitalism is on the functioning of the national...

Our interest in writing this article is to create a bridge between the scholarly and academic research on technological innovation and a private sector, for-profit business model that implements the ideas on innovation and entrepreneurship, primarily in metro regional economies.Radical...

The National Bureau of Economic Research (NBER) was founded in 1920, largely in response to controversies between free market advocates and proponents of centralized government planning, over the “fair” distribution of income in the American economy. As a result of an early agreement between...

Our intent in this book is to argue that Mason’s egalitarian concept of political rights, had it been implemented in 1787, would have been a better path for liberty for American middle and working class citizens, than Madison’s framework, that ended with the agencies of government in the...

The current American economic decline is a result of fundamental flaws in the economic structure of the country. The flaws in financial markets and financial policy allowed negative economic trends to grow and fester under the Bush administration. The U. S. Congress contributed mightily to the...