I personally prefer, and don't think it is incompatible with Mises's definition, the term "entrepreneurial discovery". The profits are out there to be found in the opportunities left by inefficiencies, in the same way that inventions are out there to be discovered. They exist in potential, and humans can discover them via testing their ideas on the market. How this is in conflict in any way with Mises's view would have to be explained to me.
@keystothebox6 жыл бұрын
Did he even prepare for this lecture? There is so little of value here compared to what I expect from mises. What a dissapointment.