Entrepreneurship

Displaying 1 - 10 of 1031

How Consumer Sovereignty and Entrepreneurship Work Together

Entrepreneurship

Blog01/06/2021

Consumers are indeed sovereign, but the reason consumers can exercise their sovereignty is that entrepreneurs have already borne the uncertainty of production to make the goods available for purchase.

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How Murray Rothbard's Theory of Entrepreneur-Driven Progress Can Be Applied to Modern Businesses

CapitalismEntrepreneurshipProduction Theory

Blog08/05/2020

To succeed, entrepreneurs must demonstrate superior foresight and judgment, and practice continuous dynamic improvement in their assembly and reassembly of assets to serve the consumer.

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Entrepreneurship in the Time of COVID-19

Calculation and KnowledgeEntrepreneurship

Blog06/04/2020

It is always a challenge for entrepreneurs to try and predict what customers will want in the future. But now things are even more unpredictable. And government regulations aren't helping either.

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Some Insightful Entrepreneurs Planned for a Pandemic

The EntrepreneurEntrepreneurship

Blog05/07/2020

Although many claim "nobody saw this coming," some entrepreneurs planned ahead and also have found ways to cater to customers under new conditions.

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Rothbard on Why We Need Entrepreneurs

CapitalismCapital and Interest TheoryEntrepreneurship

Blog04/20/2020

Capitalists and entrepreneurs serve distinct functions in the real economy. Capitalists save money that then maintains production processes until final goods are produced. Entrepreneurs adjust the capital structure in light of uncertainty to produce the most desired goods. Capitalists are ...

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Government Victims and Entreprenurial Failure: Two Types of Conoranvirus Bankruptcies

Booms and BustsEntrepreneurship

Blog04/14/2020

The coronavirus crisis has unleashed two types of bankruptcies that are very different, have different causes, and should require different solutions.

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Why "Social" Entrepreneurship Is No Substitute for "Market" Entrepreneurship

EntrepreneurshipPricesValue and Exchange

Blog03/14/2020

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

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The Economy Is Not a Factory—Nor Should We Try to Make It One

The EntrepreneurCalculation and KnowledgeEntrepreneurship

Blog02/08/2020

The economy is not primarily about the adjustment of capital investment across industries and firms, but about the determination of which industries and types of production will exist—and who will be involved in this future production.

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Intellectual Property: Innovation Should Serve Consumers, Not Producers

Protectionism and Free TradeEntrepreneurship

Blog02/06/2020

Innovations aren't very useful unless they serve consumers in the marketplace. Otherwise, we're pursuing innovation for its own sake, and that isn't progress.

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Successful Entrepreneurs Learn from a Constantly Changing Marketplace

The EntrepreneurEntrepreneurship

Blog12/24/2019

Successful entrepreneurial strategy incorporates learning of all types from trial and error. What other choice is there for entrepreneurs, since they are not omniscient or omnipresent in market processes?

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