The Entrepreneur

When we speak of entrepreneurship, we need to specify if it is economic or political. The first expands wealth and freedom; the second makes us poorer and less free.

Ignorant politicians who create no wealth can only impede great visionaries like Henry M. Galt from creating wealth with monetary chicanery, antitrust litigation, labor laws, and other regulatory measures.

While the standard secular narrative is that Christianity held back science and human development, history tells a different story, one of literacy and the development of human capital.

The early American individualists of the nineteenth century were a diverse lot with fixed and unwavering love of true liberty.

Modern economics claims that quantitative methods are central to understanding economic analysis. Mises demonstrated why this belief is untrue.

In earlier days, the government employee was held to be a man who could not have made his way in the business world and was therefore tolerated with condescension.

Recorded in St. Petersburg, Florida on October 22, 2021.

In the case of both athlete and teacher, the rarity of the skill and the number of people who benefit from the individual determines how much they're paid. 

Presented at Mises University 2021.

Free consumers and business owners always seek to cooperate in the marketplace. After all, "suppose there were no coming together, each individual dependent solely on his or her own thoughts and productivity…. All would starve!"