In the most fundamental sense we are all, with each of our actions, always and invariably profit-seeking entrepreneurs. Whenever we act, we employ some physical means (things valued as goods) – at a minimum our body and its standing room, but in most cases also various other, “external” things – so as to divert the “natural” course of events (the course of events we expect to happen if we were to act differently) in order to reach some more highly valued anticipated future state of affairs instead. With every action we aim at substituting a more favorable future state of … Continue reading Entrepreneurs Are Moral Heroes