The Ethics of Entrepreneurship and Profit
With a state in existence, ultimately, all private property becomes state property.
With a state in existence, ultimately, all private property becomes state property.
Entrepreneurship is the driving force of a market economy, and that entrepreneurs need property rights, the rule of law, sound money, and free and open competition to be successful.
The nonprofit form of enterprise is indispensable to both recipient individuals and the benefactors who fund them.
The Fed and it’s friends blamed cold weather for much of the year’s lackluster economic growth.
This paper summarizes and compares the theories of entrepreneurship of Joseph A. Schumpter and Israel M. Kirzner as presented in their major scholarly contributions to economic analysis.
Richard Cantillon is credited with the discovery of economic theory and was the first to fully consider the critical role of entrepreneurship in the economy.
Charles Baird discusses the impact of Government regulation on entrepreneurial discovery.
It is worth remembering that much of the tourist economy in the West is a subsidized invention of the federal government, writes Ryan McMaken.
Peter Klein focuses here on the financial-market entrepreneur — what Rothbard (1962, 1985) calls the capitalist-entrepreneur — to outline some features of an Austrian theory of corporate governance