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Entrepeneurs and Uncertainty: Back to the Future

  • Why Economics Matters Seminar
February 24, 2012

Tags The Entrepreneur

Entrepreneurs are the driving force behind the markets and prices that provide goods and services to consumers. Human action looks to the future. Uncertainty is always with us. We don't want to make awful decisions about our scarce resources. Entrepreneurs shoulder risks and, if they guess right, collect profit as rewards. If wrong, they lose.

A private seminar presented at the Mises Institute on 21 February 2012.


Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

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