Archive | August, 2012

Insights into the Financial Crisis

In this post, we highlight a few popular level resources for gaining a deeper understanding of the financial crisis and its aftermath. The Bubble, a documentary examining the financial crisis, will be arriving shortly. Fraud: Why the Great Recession features Jesus Huerta deSoto and Philip Bagus and is already available. Learn “real history and economics”…
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What are Capital Goods?

In chapter 5 of Organizing Entrepreneurial Judgment, Nicolai Foss and Peter Klein articulate the real nature of capital goods. They explain how the treatment of capital goods has varied among different schools of economic thought as well as the implications for the firm and the entrepreneur resulting from differing conceptions of capital goods. Foss and…
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What is Entrepreneurial Judgment?

Nicolai Foss and Peter Klein give a full overview of judgment in chapter 4 of their book Organizing Entrepreneurial Judgment. Foss and Klein present an overview of the economic literature which treats entrepreneurship as judgment and proceed to flesh out the attributes of judgment. They conclude the chapter by suggesting that investments should be the…
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What is Entrepreneurship?

Foss and Klein dedicate the second chapter of their book Organizing Entrepreneurial Judgment: A New Approach to the Firm to putting forth the best definition of entrepreneurship. Although entrepreneurship studies is one of the fastest growing fields in colleges and universities around the world, FK argue that there is still much work to be done…
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