Jacques Garello is professor of economics at the Université Aix-Marseille III, France and president of Génération Libérale. He founded and presides the Institute for Economic Studies, Europe and is also president of the Association of Economic Freedom and Social Progress. He received the Melvin Jones Fellow recognition and has published Lettre ouverte à nos dirigeants (Letter to our leaders) and Programme pour un Président (Program for our President).
Innovation, Competition and Property Rights
Professor Jacques Garello
Universidad Francisco Marroquín
Guatemala, November 9th 2004
A New Media - UFM production. Guatemala, November 2004 Camera: Rebeca Zuñiga; digital editing: Sergio Miranda; index: Inés Zuñiga; publication: Pedro David España
Slides
Content
Initial credits
Introduction
The new protectionism
Economic theory
Property rights
Entrepreneurship
The most famous theory of entrepreneurship
The risky innovation
Profit is the price for risk
The coordinating innovation
The Mises approach
Hayek and the dispersion of knowledge
The invisible hand
Entrepreneurship and alertness
The virtues of the entrepreneur
The entrepreneur is not a gambler
Entrepreneurship and profit
The entrepreneur´s knowledge
Private property
Social justice
Entrepreneurship and competition
Dynamic and static view of competition
The success of the free market
What about the firm?
Entrepreneurship and several property
Managerial enterprise
Corporate governance
Executives controlled by profits
Incentives to profitability
The Mises approach
Employees and inside communication
Incentives for the executives
Stock options
Inside trading
The general principle
The key for good information
Final credits
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Universidad Francisco Marroquín
6 Calle final, zona 10
Edificio de la Escuela de Negocios
Oficina EN-103
Guatemala, Guatemala 01010
Teléfono (+502) 2338-7700 ext. 7849
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