The Entrepreneur

The Free Market 31, no. 4 (April 2013)

During the 2012 presidential campaign, President Obama made his now famous claim that “you didn’t build that” in reference to the infrastructure that businesses use to provide goods and services to customers.

A business-hostile administration will provoke more apprehension than a business-friendlier administration.

That’s the title of my talk tomorrow evening at

Perfectibility is the progressive diminution of effort compared with the result.

Dirty Hairy Dog Wash Daphne, Alabama

Very young children are forgiven when they misbehave and do silly things. Perhaps social scientists wish to claim this privilege of childhood.

While government force may keep companies like AOL alive, consumers will surely be worse off.

To get the full picture of the virtues of the free market, we must bring the consumer into the picture.

Entrepreneurs are the driving force behind the markets and prices that provide goods and services to consumers. Human action looks to the future. Entrepreneurs shoulder risks and, if they guess right, collect profits as rewards. If wrong, they lose.