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Distilling Economic Literature

Tag: Entrepreneurship

Why We Bite the Invisible Hand

Corporate Social Responsibility Is Irresponsible

Dr. Ellen Clardy, October 28, 2023August 12, 2025

Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 15 “Global Salvationism” Foster is flipping a popular narrative about the problem of big business on its head in this part of the chapter. Such fears have led to calls for Corporate Social Responsibility (CSR), but it…

Why We Bite the Invisible Hand

Penning Hypocrisy: Writers Making Money Criticizing Capitalism

Dr. Ellen Clardy, June 17, 2023August 7, 2025

Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 6 “Tuesdays with Mandeville” Foster is tracing anti-capitalist thought across many writers of the West, and in this chapter he hits one I had not heard of: Bernard Mandeville who was born in 1670 in…

1913

Entrepreneurship as a Solution

Dr. Ellen Clardy, February 24, 2023July 30, 2025

A Discussion of Oliver DeMille’s 1913 Chapter 8 “Solution: #1 Entrepreneurship” DeMille notes the entrepreneurial spirit is a part of the American culture, but it can be threatened by an ever-growing federal government. He says the founders were considering what type of national character the new country was going to…

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