Why Profit Is So Important
Profit has nothing to do with exploitation. It is about the most efficient use of real funding or real savings.
Entrepreneurship
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Entrepreneurship: Kirzner vs. Mises
Mises conceives of the entrepreneur as the uncertainty-bearer. For Kirzner, entrepreneurship becomes reduced to the quality of alertness.
Classical-Liberal Exploitation Theory
Real exploitation in society is perpetrated upon the productive classes (the taxpayers) by the parasite class (the state).
Cradles of Capitalism: the City-States of Greece and Italy
Ancient and Renaissance city-states were some of the greatest incubators of economic and entrepreneurial activity.
The Truth About the “Robber Barons”
Most of the businessmen we now call Robber Barons got rich by using the power of the state, and not by serving their customers in a free market.
Opportunity and the Entrepreneur
The discovery and (potential) exploitation of opportunities is proposed as the unit of analysis for entrepreneurship research.
J.B. Say Salvages the Entrepreneur
If Adam Smith purged economic thought of the very existence of the entrepreneur, J.B. Say, to his everlasting credit, brought him back.
More Spending Does Not Drive More Employment
Entrepreneurship — not spending — is the key to a growing economy.
Why Was Ancient China so Good at War, and so Bad at Commerce?
By providing rewards for bureaucrats and punishments for merchants, many rulers destroyed interest in entrepreneurship and innovation outside the state.
Week in Review: August 12, 2017
As the war drums with North Korea get ever louder, it’s appropriate that this week was the anniversary of the atomic bombing of Japan.
