Jean-Baptiste Say never owned a smartphone. He died in 1832, decades before the telegraph, let alone Twitter. Yet the French economist understood something fundamental about wealth creation that applies more today than it did in his era of steam engines and spinning jennies. Say argued that entrepreneurs don’t just shuffle resources around. They create value […]
Everyone has walked past a gold mine at some point. The opportunity was there, sitting in plain sight, but we simply did not see it. Later, someone else noticed it and made millions. We slap our foreheads and wonder how we missed something so obvious. Israel Kirzner, an economist who spent decades studying what makes
Israel Kirzner on Why the Most Alert Entrepreneurs are Often “Social Outsiders” Read More »
Your authentic self is probably holding you back. I know how that sounds. We live in an age where authenticity is the supreme virtue. Bring your whole self to work. Be genuine. Stay true to who you are. The self help section of every bookstore groans under the weight of books telling you to dig
Stop Being “Authentic” and Start Being Efficient Read More »
Every business book tells you the same story. The customer is king. Listen to your market. Give people what they want. Build your product around consumer needs. This advice sounds so reasonable that questioning it feels almost heretical. Yet Joseph Schumpeter, one of the most influential economists of the twentieth century, thought this entire framework
Forget the Consumer: The Entrepreneur is the Only Person Who Matters (Joseph Schumpeter) Read More »
Your manager walks past your desk for the fifth time today. She hovers. She checks. She corrects the font size on your presentation. She reminds you about the deadline you already circled in red on your calendar. This is managing. And according to Henri Fayol, the man who essentially invented modern management theory back in
Why You Should Stop Managing & Start Organizing (Henri Fayol) Read More »
Most people know Ayn Rand as the woman who made selfishness sound like a good thing. Fewer know that her ideas, controversial as they remain, offer something genuinely useful for anyone trying to build something from nothing. You don’t have to worship at the altar of Atlas Shrugged to extract practical wisdom from her work.
5 Lessons from Ayn Rand for the Modern Entrepreneur Read More »