Tag Archives: Economics

What is capitalism?

Capitalism depends on harnessing private motives to produce the goods and services that the public wants as efficiently as possible. Historian Charles Van Doren leads us to the early roots of “primitive capitalism” in his book A History of Knowledge: Past, Present, and Future. He provides insight to the ancient Egyptians, economic life before the peasant, the introduction of the

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What is socialism?

Knowing that I am a professor teaching entrepreneurship a friend sent this funny email. After reading this, you can understand the definition of socialism in one minute. An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class. The class had insisted that socialism worked

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NVCA Report – Immigrant Entrepreneurs Help Build U.S. Economy

Update to 2006 Study Commissioned by the National Venture Capital Association Shows Impact of Immigrants on American Jobs, Markets, and Innovation, Confirming Broad Support for High-Skilled Immigration Reform The National Venture Capital Association (NVCA) will soon publish a study that examines the contributions of immigrant entrepreneurs to the U.S. economy. American Made 2.0: How Immigrant Entrepreneurs Continue to Contribute to

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