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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.
Many products — delivered by the marketplace — that are mocked as "useless," and which environmentalists denounce as "wasteful" are essential items in the daily lives of many disabled people.
We take so many things that make daily life easier for granted. But entrepreneurs are usually behind what often amounts to revolutionary changes.
The EntrepreneurPhilosophy and MethodologyValue and Exchange
When Mises noted that a manager is a "junior partner" of the entrepreneur, he did not mean to downplay the role of management in the economy.
The EntrepreneurLabor and WagesPoverty
The rich get rich by virtue of making what's dear rather cheap, thus helping the poor the most.
BiographiesThe EntrepreneurFree Markets
Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.
The EntrepreneurU.S. History
It's thanks to markets and entrepreneurs that turkeys, toys, and Christmas trees can be mass produced and delivered to a great many ordinary people at a reasonable price.
Kerkorian was an eighth-grade dropout who would go on to earn billions, and epitomized Mises's idea of the entrepreneur.
We have designed a survey to investigate 8 entrepreneurial traits. Please help us to refine this research instrument by participating in this survey.
Frederic Tudor solved the problems of transporting large amounts of ice over long distances and introducing the citizens of Calcutta to their first taste of ice cream.