Entrepreneurship

"But if peace meant disaster to the company, it also taught it an important lesson. A company that manufactured more rifles than it could sell to hunters, or to its own government, must seek foreign business."

"When something becomes illegal, consumer demand does not vanish."

Are we going to let government's wartime central planners control our lives 70 years after the fact?

Austrians offer a distinct and valuable approach to basic economic questions, an approach that should be central to research on theoretical and applied topics in economics and business administration.

"The book takes the position that the most interesting problems of economic organization relate to the intersection of the entrepreneurial and capitalist functions."

"Production has been altered in such a way that the length of waiting time has been extended. But the demand for consumers' goods has not dropped so as to make the available supply last for a longer period.

The drop in interest rates makes unrealizable projects appear profitable and realizable. Entrepreneurs embark upon the execution of such projects.

"The government can talk about entrepreneurship and act like it is promoting it, but all of what government does by taxing and regulating impedes the entrepreneur."

"Capitalism is something innate in all societies, and so governments can only become burdens upon this web of naturally occurring human actions."

If you behave as a sovereign individual in your personal relationships, you will be contributing to your happiness and also to the transmission of the concept of individual sovereignty. That chain of good, I am certain, will abolish the chains of evil.