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Jeffrey Tucker discusses the role of the entrepreneur in identifying and taking advantage of economic opportunities. The ability to anticipate and meet market needs allows economies to be flexible and innovative in ways that are impossible through central control. The special quality of entrepreneurship is an alertness to things that don’t exist yet—products and services that consumers don’t even know they want. Profits and losses provide the feedback necessary to steer entrepreneurs in the right direction.
Jeffrey Tucker is the publisher and executive editor of Laissez-Faire Books, the Primus inter pares of the Laissez Faire Club, and the author of Bourbon for Breakfast: Living Outside the Statist Quo, It's a Jetsons World: Private Miracles and Public Crimes, and A Beautiful Anarchy: How to Build Your Own Civilization in the Digital Age, among thousands of articles.
Sponsored by the Allied Educational Foundation