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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Entrepreneurship and Market Process

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Heavily-armed police and their supporters will tell you they need all those armored trucks and heavy guns. It's a dangerous job, not least because Americans have so many guns. But the numbers just don't support these claims: Policing is safer than ever--and it's safer than a lot of common jobs by comparison. Daniel Bier has the analysis. Plus, Iain Murray and Wendy McElroy look at how the Feds are recruiting more and more Americans to do their policework for them.
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