Entrepreneurship

Once it is understood that profits and losses evolve from the changing values of consumers, it becomes obvious that abolishing windfall profits or windfall losses is impossible.

Efficiency is not just the avoidance of waste. When entrepreneurs expand the boundaries of what is economically possible, we get "dynamic efficiency," which is essential for progress. 

Whether we wish any particular boycott well or ill depends on our moral values. But a boycott is legitimate per se.

Contrary to much recent scholarship, there is no difference in kind between “social” entrepreneurship and mundane entrepreneurship.

Entrepreneurship is a double-edged sword. Using policy to support entrepreneurship is a balancing act between productive and unproductive behavior.

The English Levellers were the world's first self-consciously libertarian mass movement.

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. 

Applying Austrian eco­nomics to the study of public choice theory expands our knowledge of government institutions.

Today, the term "Austrian economics" is used to designate two very different paradigms.

In a truly free society, the scope of government easily can be reduced to a much smaller domain than even many friends of freedom often think.