Kingman InstituteExplore our work ↘

Austrian economics—applied

Ideas become useful when people can put them to work.

The Kingman Institute turns enduring economic principles into practical education for people who build businesses, strengthen communities, and shape the culture around them.

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We bridge economic theory and human action.

Economics is not merely something to study. It is a way of understanding how people discover needs, create value, make choices, and cooperate.

Our projects bring those ideas into businesses, classrooms, homes, and communities. We build education that respects local knowledge, entrepreneurial judgment, individual responsibility, and the creative power of free people.

One institution.
Many ways to apply the ideas.

Project 01↗

The Value Creators

A ten-module entrepreneurship course and media platform that teaches business as a process of creating value for customers.

Businesses · Universities · Independent learners
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Project 02↗

Local Enterprise Initiative

A community field-lab model that helps local people turn the demand created by major investment into useful, locally owned enterprise.

Communities · Corporate partners · Entrepreneurs
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01

Human judgment

People create value by noticing, learning, adapting, and making decisions no formula can make for them.

02

Customer value

Healthy enterprise begins with another person’s need. Profit follows value created, delivered, and recognized.

03

Local knowledge

The people closest to a problem possess knowledge that distant planners and generalized models cannot replace.

04

Practical education

An idea proves its worth when a student, entrepreneur, family, or community can act on it.

A book by Hunter Hastings and Mark Packard

Venture Mode puts entrepreneurial economics to work inside the modern organization.

Venture Mode by Hunter Hastings and Mark Packard

Business needs more value creators—and fewer systems that smother judgment, imagination, and initiative.

In Venture Mode, Hunter Hastings and Mark Packard challenge the bureaucratic model of management and offer an entrepreneurial alternative built around customer value, discovery, agile execution, and leaders who can act under uncertainty.

The book is a clear example of the Kingman Institute’s larger purpose: translating sound economic thinking into principles that people can use to build better businesses and institutions.

Purchase Venture Mode ↗
Founder + President

Katie Phipps Hague

Writer, educator, entrepreneur, and longtime builder of practical economic education.

Contact Katie →
Founder + Vice President

Hunter Hastings

Entrepreneurial economist, educator, co-creator of The Value Creators, and co-author of Venture Mode.

Contact Hunter →

The Kingman Institute

Education for people who intend to build.

We are developing the next generation of practical economic education. We are building the foundations of a free and prosperous civilization.

Explore the work →