business_center Entrepreneurship
Innovation and business creation
format_quote Quotes
"In a broad or general sense, entrepreneurship actually coincides with human action."
menu_book Socialism, Economic Calculation and Entrepreneurship
View Full Quote"The essential difference between rich societies and poor societies does not stem from any greater effort the former devote to work, nor even from any greater technological knowledge the former hold. Instead it arises mainly from the fact that rich nations possess a more extensive network of capital goods wisely invested from an entrepreneurial standpoint."
menu_book Money, Bank Credit, and Economic Cycles
View Full Quote"What distinguishes the successful entrepreneur and promoter from other people is precisely the fact that he does not let himself be guided by what was and is, but arranges his affairs on the ground of his opinion about the future. He sees the past and the present as other people do; but he judges the future in a different way."
menu_book Human Action: A Treatise on Economics
View Full Quote"If a merchant knows that goods will soon be cheaper in a particular place, or that supply will increase, he is not obliged to inform buyers of this. It is not unjust to sell at the current market price, since the price is set by common estimation, not by future conditions."
menu_book De Iustitia et Iure (On Justice and Law)
View Full Quoteauto_stories Books
An Essay on the Nature of Trade in General
Pioneering work in economic theory written around 1730, covering entrepreneurship, market pricing, monetary economics, and the circular flow, consi...
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Ludwig von Mises' magnum opus and the most comprehensive systematic treatment of economics from the Austrian School perspective. Mises develops pra...
Read MoreSocialism, Economic Calculation and Entrepreneurship
Extends the Misesian impossibility of socialist calculation into a full theory of entrepreneurship, showing that socialism systematically destroys ...
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