The Entrepreneur

If you are “self-employed,” you do not have the luxury of focusing on keeping down or cutting (your) costs instead of creating value.

Countries with the highest levels of robotization have the lowest unemployment rates.

Once it is understood that profits and losses evolve from the changing values of consumers, it becomes obvious that abolishing windfall profits or windfall losses is impossible.

Unlike government police, private firms often suffer falling stock prices and falling revenues when running afoul of public expectations. 

The Cleveland Browns enter this year's NFL draft with a tremendous capital advantage to other teams. That's not enough to guarantee their success. 

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. 

In the pursuit of profit, many firms also seek to improve their communities in more intangible ways. 

Applying Austrian eco­nomics to the study of public choice theory expands our knowledge of government institutions.

Today, the term "Austrian economics" is used to designate two very different paradigms.