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Competition and Entrepreneurship

Written the year of Mises's death, this is the book that brought new prominence to the Austrian theory of the entrepreneur. Kirzner views him as the discoverer of opportunities in the competitive process, and contrasts this view with the general equilibrium view-which defines away the entrepreneur-and the Schumpeterian view that discovery is always disequilibrating. For its lucidity and focus, this remains an Austrian classic.

 

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Author(s): Israel M. Kirzner

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Setting up Your First Flash File (1 of 10)
Over the course of this series, instructor Paul Trani will show you how to build an Adobe Flash professional CS5 project from the ground up. In this episode, you’ll learn how to set up your first Flash file--and your workspace--for maximum efficiency.
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Building Simple Machines: A Plant Quencher
How difficult can it be to water a plant? Pretty difficult when your objective is to build the most complicated machine possible to complete this simple task. In this video segment from ZOOM, Jillian demonstrates the use of ramps, wheels, pulleys, and other simple machines to construct her "plant quencher." Run time 01:16.
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5.5 Bills and the Scottish Parliament

Bills in the Scottish Parliament are very similar, in terms of layout, structure and the conventions of legislative drafting, to Bills of the UK Parliament. This is primarily because the Acts of the Scottish Parliament (ASPs) to which they are intended to give rise form part of the UK ‘statute book’ alongside existing statute law.

The progress of a Bill through the Scottish Parliament will depend on a number of factors, as not all Bills follow the same process. The difference betwee
Author(s): The Open University

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Keep on learning

Study another free course

There are more than 800 courses on OpenLearn for you to c
Author(s): The Open University

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The relativistic Universe
Thanks to cutting edge technology, scientists can peer deeper into space than ever before. The audio tracks in this album feature Dr Robert Lambourne and Dr Stephen Serjeant of The Open University's Department of Physics and Astronomy. They introduce the origin of relativistic cosmology and share the latest ideas about the structure and evolution of the universe. Einstein’s general theory of relativity predicts the existence of black holes and gravitational waves, and the Cosmic Microwave Back
Author(s): The iTunes U team

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Except for third party materials and otherwise stated (see http://www.open.ac.uk/conditions terms and conditions), this content is made available under a http://creativecommons.org/licenses/by-nc-sa/2

Money talks: Trumponomics
Donald Trump's presidential campaign is astounding political analysts and flummoxing economists; and we also look at whether high denomination bank notes are useful only to criminals Correction: We attribute an analysis of Donald Trump's economic proposals at 2:40 minutes to the Tax Policy Centre, when in fact it is from the Committee for a Responsible Federal Budget. We regret the error.
Author(s): The Economist

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4.5 Some general results

We next establish some general results about Euler characteristics. We start with a theorem that tells us what happens to the Euler characteristic of a surface when we remove an open disc.

Theorem 10: Disc Removal Theorem

The Euler characteristic of a surface with an open disc
Author(s): The Open University

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Acknowledgements

Except for third party materials and otherwise stated (see terms and conditions), this content is made available under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 Licence

Grateful acknowledgement is made to the following sources for permission to reproduce materia
Author(s): The Open University

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3.1 The impact of information technology

Having discussed the radical and pervasive effect that inventions in previous eras have had on economy-wide productivity, and how they have even defined entire periods, we shall now ask how the rise of information technology compares to these previous revolutions. During the early growth phase of PC use, a leader article in Fortune magazine did not hesitate to compare the rise of the PC to previous technological revolutions.

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Author(s): The Open University

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10.2 The relationship between loudness and intensity

The loudness of an auditory stimulus is a psychological, not physical attribute of the stimulus. The physical attribute of sound that is most closely correlated with loudness is intensity. So loudness is the listener's subjective description of the intensity of the stimulus. As you know, we are not equally sensitive to sounds of all frequencies so perceived loudness of a tone in fact depends on frequency as well as intensity. Two sounds can have the same physical sound pressure levels but if
Author(s): The Open University

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6.2 The supremacy of EU law

Whenever there is a conflict between the provisions of EU law and the provisions of the domestic (national) law of a member state, then EU law will prevail. This is a principle which was developed by the ECJ as the relationship between domestic and EU law is not clarified by treaty provisions. This is an important principle, as it ensures the proper functioning of the EU. If an EU member state had the power to annul EU law by adopting new domestic (national) law which was in conflict with the
Author(s): The Open University

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1 Making, interpreting and applying rules

The aim of this course is to introduce you to the processes of making, interpreting and applying rules.

We often think about social rules, most of which are unwritten and which we observe because we have a shared social understanding of what they are. We are now going to think about a different kind of rule. A definition of a rule (as opposed to a habit, custom or role) is shown in Author(s): The Open University

Breakingviews: HSBC worries hit earnings and reputation
July 30 - HSBC sets aside $2 bln to cover costs for PPI mis-selling and money laundering, but it's the snowballing effect and muddying of its reputation that should concern the bank, say Breakingviews
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French Verbs, Part 3
The narrator recites verbs in French as they appear in print on the screen with an appropriate image. There is no English spoken. For beginning learners of the French language.
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6.5 The principle of subsidiarity

This is defined in Article 5(1) EC and 5(2) EC. It requires decision-making bodies with responsibility for larger areas to perform only those functions that decision-making bodies with responsibility for smaller areas cannot fulfil themselves. For instance, the Treaty requires the Community to take action ‘only if and in so far as the objectives of the proposed action cannot be sufficiently achieved by the Member States …’ and can ‘by reason of the scale or effects of the proposed act
Author(s): The Open University

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5.5 Vibrating string: pitches of notes produced by stringed instruments

When a string is bowed, plucked or struck, energy is supplied that starts the string vibrating. The string doesn't just vibrate in one single mode; instead, it vibrates in a combination of several modes simultaneously. The displacement along the string is the superposition of the standing-wave patterns corresponding to those modes. For example, if the string vibrated only in the first and second modes, the displacement at a given instant of time might appear as shown in Author(s): The Open University

Sound Blending Idea
This little train works great to teach children how to sound out words or segment words into sounds. We have them in learning centers in our kindergarten classrooms and the kids quickly pick up on how to use it. (2:06)
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Johnson - Celebration of Engineering Sciences DP168902

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Relief sculpture - A Celebration of Engineering Sciences on Department of Mechanical Engineering Building at University of Leeds by Allen Johnson, 1963. Listed Grade II. Photographed by Alun Bull in 2015.
© Historic England


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