The Entrepreneur
We’re Taught to Revere Schoolteachers. So Why Are They Paid So Little?
In the case of both athlete and teacher, the rarity of the skill and the number of people who benefit from the individual determines how much they're paid.
With Capitalism, Cooperation Is Just as Important as Competition
Free consumers and business owners always seek to cooperate in the marketplace. After all, "suppose there were no coming together, each individual dependent solely on his or her own thoughts and productivity…. All would starve!"
Entrepreneurs Are Motivated by Profit, Not Risk
A capitalist never chooses that investment in which, according to his understanding of the future, the danger of losing his input is smallest. He chooses that investment in which he expects to make the highest possible profits.
The Faith of Entrepreneurs
For the entrepreneur in a market economy, nothing is a sure thing. Every business is only a short step from bankruptcy. No business possesses the power to make people buy what they do not want. All success is potentially fleeting.
Why “Stakeholder Capitalism” Is a Disaster for Entrepreneurs
The driving force behind the stakeholder capitalism philosophy is precisely that it creates opportunities for political actors to assert disproportionate control over the economy’s resources.
Why “Stakeholder Capitalism” Is a Disaster for Entrepreneurs
The driving force behind the stakeholder capitalism philosophy is precisely that it creates opportunities for political actors to assert disproportionate control over the economy’s resources.
How Markets Turn Lousy Products into Great Ones
Centrally planned economies often stick with terrible ideas for many years. But markets can take bad products, learn from them, and turn them into great products that give the public what it wants and needs.
How the Progressives Conquered Corporate America
The concern over concentrated influence of corporate special interests is valid, but not because corporate special interests will prevent economic regulation. The problem is corporate executives consistently agitate for more government control.