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- Search found 13 items for:
- Entrepreneurship
- Joseph T. Salerno
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Capitalist-entrepreneurs must anticipate supply and demand conditions of future market conditions. It is the future price - the appraisement – that must be compared to the costs of factors of production (land, labor, and capital). There is no going rate of profit. The basic rate is the rate of interest. Profits are the outgrowth of uncertainty.
Media Collection
Author:
Joseph T. Salerno
Peter G. Klein
Joseph T. Salerno and Peter G. Klein are two of the most productive micro-economists in the Austrian School today. This seminar provides an introduction to Austrian Economics. Presented at the Mises Institute, 11-15 June
Quarterly Journal of Austrian Economics
Author:
Joseph T. Salerno
Online Publish Date:
ABSTRACT: Murray Rothbard developed the concept of decision-making rent as a return to a kind of unhirable labor performed by the entrepreneur in his role as owner and ultimate decision-maker of the firm. Rothbard conceived owner’s rent as separate from profit and loss and the decision-making function as concerned with productive organization and
Quarterly Journal of Austrian Economics
Author:
Joseph T. Salerno
Online Publish Date:
Volume 11, No. 3 and 4 (2008) Mises, Friedrich Hayek, and Murray Rothbard were the main architects of the distinctly Austrian theory of production as it exists today. All three conceived the entrepreneurial function in the actual market economy as presupposing the ownership of property, specifically capital. Yet, many, if not most, contemporary
Review of Austrian Economics
Author:
Joseph T. Salerno
Online Publish Date:
A Man of Principle: Essays in Honor of Hans F. Sennholz John W. Robbins and Mark Spangler, eds. Grove City, Pennsylvania: Grove City College Press, 1992. An important contributing factor to the resurgence of Austrian economics in the 1970s was the appearance of a handful of articles which drew the attention of the economics profession
Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
[Introduction to the Second Edition of Man, Economy, and State with Power and Market ] Murray Rothbard began work on this magnum opus on January 1, 1952. [1] On May 5, 1959 Rothbard wrote to his mentor, Ludwig von Mises, informing him, “È finito!” [2] The more-than-seven years that it took Rothbard to complete Man, Economy, and State elapsed