Foundation for Economic Education
Innovation is inherently rebellious. Entrepreneurs and creators are the rebels who shaped the modern world. Comment “Inn

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Innovation is inherently rebellious.

Entrepreneurs and creators are the rebels who shaped the modern world. Comment “Innovation” and we’ll send you an article on the topic. The Industrial Revolution ushered in a new era of continuous innovation and mold-breaking. Austrian economist Ludwig von Mises took note of the unprecedented change in attitudes toward innovation that emerged during the golden era of classical liberalism. The nineteenth century was the century of free trade, experiments with limited government, and the loosening of guilds’ power over workers, producers, and middlemen. However brief this golden era was, Mises showed how it changed the world forever. Individuals were no longer subject to rigid schemes imposed from above, unable to pursue paths of their own. They were no longer involuntary followers of tradition, bound to blindly obey established customs. They were free to create, experiment, innovate, and rebel against established doctrines and practices. Capitalism rewarded those who satisfied the pressing needs of the masses, rather than those who served the interests of elites and oligarchs.
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