Schumpeter vs. Kirzner on Entrepreneurs
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.
The Entrepreneur
Displaying 191 - 200 of 605
How Capitalists — Unlike Environmentalists — Make Life Easier for the Disabled
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.
Entrepreneurs: Changing the World through Business
We take so many things that make daily life easier for granted. But entrepreneurs are usually behind what often amounts to revolutionary changes.
Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence
The 2019 Henry Hazlitt Memorial Lecture, sponsored by Hunter Lewis.
What We Know and What We Don’t Know about the Firm
[This is a chapter from The Problem of Production: A New Theory of the Firm.] This book is about what is generally referred to as the ‘firm’, a phenomenon in the market that appears obvious but that remains difficult to explain. While there is a...
Review of T.R.M. Howard: Doctor, Entrepreneur, Civil Rights Pioneer
T.R.M. Howard was an entrepreneur and civil rights leader who offers a corrective to overly simplistic narratives about the civil rights era and African-American history more generally.
Ludwig von Mises on the Difference Between Entrepreneurs and Managers
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.
Surging Wealth Inequality Is Poverty’s Greatest Enemy
The rich get rich by virtue of making what's dear rather cheap, thus helping the poor the most.
The Bureaucracy Problem
The price system performs the crucial function of transmitting knowledge throughout the society and thereby eliminates the need for bureaucracy.
Herb Kelleher and the Free-Market Fight for Southwest
Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.
