The Entrepreneur

Dan Sanchez examines Irwin Schiff's timeless comic book on how savings, innovation, and risk are the building blocks of productivity, progress, and wealth.

The occasional eruptions of anti-war positions from conservatives and progressives are more a function of what political party controls the White House than of any principled ideological stance. Don't expect sustained opposition to war to come from either side.

The capitalist entrepreneur acts with a specific goal in mind: to attain a monetary profit.

Entrepreneurship is the driving force of a market economy, and that entrepreneurs need property rights, the rule of law, sound money, and free and open competition to be successful.

This paper summarizes and compares the theories of entrepreneurship of Joseph A. Schumpter and Israel M. Kirzner as presented in their major scholarly contributions to economic analysis.

Richard Cantillon is credited with the discovery of economic theory and was the first to fully consider the critical role of entrepreneurship in the economy.

With the failure of central planning, many economists see government as an entrepreneurial institution that fosters efficiency and economic growth,

Volume 6, Number 1 (Fall 1985)

Charles Baird discusses the impact of Government regulation on entrepreneurial discovery.

Why do business firms exist?  Do firms substitute for the market or complement the market?  Why do firms buy some inputs but make others?These are basic economic questions. 

In his book The Theory of Economic Development, Schumpeter (1934) pointed out that entrepreneurs are prime movers of economic change. The entrepreneurs described by Schumpeter were innovators.