The Entrepreneur

Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.

It's thanks to markets and entrepreneurs that turkeys, toys, and Christmas trees can be mass produced and delivered to a great many ordinary people at a reasonable price.

Kerkorian was an eighth-grade dropout who would go on to earn billions, and epitomized Mises's idea of the entrepreneur.

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Frederic Tudor solved the problems of transporting large amounts of ice over long distances and introducing the citizens of Calcutta to their first taste of ice cream.

The Company Men shows how, in order to move on from a devastating layoff, workers must first figure out how to be valuable to the customers.

The economy is not an engine, or a tool, and does not perform any “work.” The economy is you and me.

An industrial innovation enters the market as the extravagance of an elite before it finally turns, step by step, into a need of each and all.

Could there be firms without corporate law? The answer is obvious: firms exist and are an important part of modern markets today just as they existed and provided a vital function before the advent of modern legal systems.

Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.