BEGINNER

Entrepreneurship

The process by which individuals seek to organize production and distribution to meet the demands of the market. If successful, the entrepreneur earns a profit and can continue his or her search for profits. Israel Kirzner refers to entrepreneurship as a discovery process. Entrepreneurs, who are alert to profit opportunities in specific industries attempt to realize these profits.

 

 

Israel Kirzner - Competition and the Market ProcessChris Coyne - The Future of Research on Entrepreneurship

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Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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