Entrepreneurship

Méra argues in this comment that Hoffmann’s criticisms of the Misesian approach to risk and his case for an alternative are unconvincing.

Let us consider the process that led to the decline and disappearance of classical Roman civilization.

Rothbard discusses the differences between Mises's and Kirzner's concept of the entrepreneur.

Many seem to mistakenly think that economic growth has to do with GDP or producing stuff. It does not.

The foremost aim of despotic government is to prevent any innovations that could endanger its own supremacy.

The goal of the liberals — properly defined — has always been to fight what Macaulay called "the all-devouring state."

 In the market economy there are no conflicts between the interests of the buyers and sellers.

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

Why are there many firms in the world, and not just one, big mega-corporation? The answer lies in the problem of calculating costs and prices.

People who are born as the wealthy children of successful businesspeople are often very confused about how economic prosperity is created.