Entrepreneurship

Natural constraints on firm size are numerous, and in a truly free market, large firms would be constantly prone to being broken up and put out of business by competition. And all to often, huge firms become more long-lived due to government intervention.

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.

We take so many things that make daily life easier for granted. But entrepreneurs are usually behind what often amounts to revolutionary changes.

The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.