Steve Jobs, entrepreneur

posted by
October 9, 2011
Foundation for Economic Education
by Sheldon Richman  
Posted in Commentary

"For Mises and Kirzner, entrepreneurial action is risk-taking in an open-ended world of significant uncertainty. And for them, all action is therefore entrepreneurial. Other conceptions of human behavior stress the maximization of utility through the optimal allocation of given means among given ends. In the Misesian model human beings are creative agents capable of discovering means and ends in the process of acting that are not already known." (10/07/11)  

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