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The EntrepreneurLabor and Wages
Capitalists provide a service to workers: access to capital with no risk, and immediate payment for services. Meanwhile, starting your own business brings both risk and a long wait before the profits start rolling in.
The EntrepreneurGlobal Economy
Africa has plenty of hard workers and plenty of natural resources. But private property is not secure there, which means few are willing to invest their capital there.
A comparison between the two theories of entrepreneurial action suggest that it may be time to drop the use of the words “equilibrium” and “disequilibrium” from economics.
Many products — delivered by the marketplace — that are mocked as "useless," and which environmentalists denounce as "wasteful" are essential items in the daily lives of many disabled people.
We take so many things that make daily life easier for granted. But entrepreneurs are usually behind what often amounts to revolutionary changes.
The EntrepreneurPhilosophy and MethodologyValue and Exchange
When Mises noted that a manager is a "junior partner" of the entrepreneur, he did not mean to downplay the role of management in the economy.
The EntrepreneurLabor and WagesPoverty
The rich get rich by virtue of making what's dear rather cheap, thus helping the poor the most.
BiographiesThe EntrepreneurFree Markets
Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.
The EntrepreneurU.S. History
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.