Gregory M. Dempster

Just as markets can be described as price discovery procedures for existing goods, services, and resources, entrepreneurship can be usefully described as a price discovery procedure for future goods, services, and resources.

Endres has done an adequate job of high lighting elements of distinctiveness and similarity among the founding Austrians (Menger, Wieser, and Böhm-Bawerk) which go beyond the cut-and-dried methodological issues emphasized by later Austrians.

In this article, we will attempt to demonstrate that the Austrian method of dealing with both theory and history is informed by its perspective on uncertainty as the core concept uniting the various characterizations of Austrian thought.