How Entrepreneurs Make an Economy Grow

Tags: Calculation and Knowledge, Entrepreneurship

10/08/2014 Peter G. Klein

The entrepreneur risks, in the present, investment in productions that he thinks will produce some good or service at a profit in the future.

Archived from the live Mises.tv broadcast, this lecture by Peter Klein was presented at How Does an Economy Grow? A Seminar for High School and College Students. Special thanks to an anonymous donor for making this event possible.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.