The Entrepreneur

Recorded at Mises University 2003.

Butler Shaffer does a Cost-Benefit Analysis of the Human Spirit: The Luddites Revisited at the 2003 Austrian Scholars Conference.

Recorded at Mises University 2003.

Recorded at Mises University 2001.

Recorded at the Reassessing the Presidency seminar; March 2004. (25:41)

Recorded at Mises University 2003.

Recorded at Mises University 2003.

The negative stereotype of businessmen is as false as Marxist theory itself. While millions have, and continue to, suffer under Marxist or socialist economic regimes, entrepreneurs at work in the capitalist world invest capital, organize resources, develop new products, create jobs and make the world a better place for the millions that are affected by their energy and vision.

Government has total power to make and break businessmen. This state of affairs compels businessmen, especially large, successful businessmen, to pay regular extortion money to politicians and government officials. They have to pay bribes, in the form of "campaign contributions" and "donations," to various pressure-group organizations in order not to be harmed or altogether destroyed.

Entrepreneurs are widely considered to be important parts of economic activity. Why would they not be studied carefully by those who are supposed to know so much about this activity? Yet actual policies in actual economies affecting actual human beings have been crafted by economists who have, for the most part, largely ignored entrepreneurial activity.