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- Search found 29 items for:
- Austrian Economics Overview
- Entrepreneurship
- Media Asset
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Capitalist-entrepreneurs must anticipate supply and demand conditions of future market conditions. It is the future price - the appraisement – that must be compared to the costs of factors of production (land, labor, and capital). There is no going rate of profit. The basic rate is the rate of interest. Profits are the outgrowth of uncertainty.
Media Asset
Author:
Robert P. Murphy
Online Publish Date:
Entrepreneurs see the future better than others and go and make money off it. Profits are an index that maladjustments are being met and combatted by the profit-making entrepreneurs. Capital does not beget profits. Only wise entrepreneurial decisions do that. The paradox of saving is that saving is the necessary and sufficient condition for
Media Asset
Author:
Peter G. Klein
Online Publish Date:
Causal-realist analysis allows imaginary constructs like the ERE — Evenly Rotating Economy — in order to isolate certain factors like interest. There would be no profit or loss in the ERE, because those can only exist under conditions of uncertainty. Klein explains profit as a category, not a line item. The entrepreneur’s function is to
Media Asset
Author:
Peter G. Klein
Online Publish Date:
Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama.
Media Asset
Author:
Peter G. Klein
Online Publish Date:
Recorded at FreedomFest, 10 July 2010. Includes an introduction by Douglas E. French.
Media Asset
Author:
Murray N. Rothbard
Online Publish Date:
From Man, Economy, and State , narrated by Jeff Riggenbach.
Media Asset
Author:
Murray N. Rothbard
Online Publish Date:
From Man, Economy, and State , narrated by Jeff Riggenbach.