There is no particular reason to expect that education or intellectual interests are an advantage in cultivating a habit of awareness of the sort Kirzner highlights. But there are very good reasons to argue that profits, deserved or not, are something that entrepreneurs should be legally entitled to seek.
Vol. LII, no. 12 |December, 2012
Using monetary policy to boost growth and employment worked. Then people caught on.
by Steven R. Cunningham, PhD, Director of Research and Education, and Polina Vlasenko, PhD, Research Fellow
A lack of political and fiscal integration makes Europe’s problems harder to solve than those of the U.S. Larger entitlements on the continent further complicate the recovery.
by Dominick Salvatore, PhD