The entrepreneur is a key figure in the market economy. In a dynamic economy, ideas, products, and services are constantly changing. Entrepreneurship, broadly defined, refers to actions of individuals as they strive to cope with constantly changing market conditions.1 When viewed in this way, all market participants-consumers, producers, and investors-engage in entrepreneurial activity.
From The Review of Austrian Economics Vol. 6, No. 1, 1992.
Insider trading per se is obtaining information from non-public sources and using it for purposes of enhancing one's financial advantage. Is there anything unethical or morally wrong in this exercise?
From the Southern Economic Journal, Vol. 27, April 1961.
Rothbard shockingly argues that technological invention is relatively unimportant in the progress of civilization. Instead, capital is the far more important, and limiting, factor.
Presented as part of the Mises Institute’s Brown Bag Seminar series on May 26, 2005 in Auburn, Alabama.
Mahoney argues that although Mises correctly conceived of value as an ordinal relation, precluding the possibility of value imputation, in many of his expositions of the market process he adopts a notion of value as a cardinal thing in explaining the task confronting actors in either the planned or unplanned economy.
As the history of the computer mouse shows, the problem is not a lack of technology. The problem is making it economically viable. Stephen Carson gives the example of the computer mouse.
