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Source link: http://archive.mises.org/12727/the-why-of-the-capitalist-and-the-entrepreneur/

The Why of The Capitalist and the Entrepreneur

May 17, 2010 by

I think scholars in every field, particularly in economics and business administration, have an obligation to write for the general public. Ideas have consequences, and economic ideas are particularly important. FULL ARTICLE by Peter G. Klein


Aubrey Herbert May 17, 2010 at 9:15 am
Bruce Koerber May 17, 2010 at 10:39 pm

Using the logic of human action we can come to the conclusion that the difference between latent entrepreneurship and active entrepreneurship is the underlying human reality of seeking after truth. Of course the search may or may not be ideal; it could be a search for the viability of a particular resource.

Pure entrepreneurship is the bringing of something from the invisible world into the ‘visible’ world in a way never done before.

Although the entrepreneurial spirit is uniquely a part of the natural law of human beings it does combine with other economic elements such as property and capital to make it an extremely interesting and critical economic concept for better understanding production.

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