Archive for September, 2007



“The recognition of the existence of potential profits means that an entrepreneur had particular knowledge that other people didn’t have. Having this unique knowledge means that profits are not the outcome of random events, as the EMH suggests. For an entrepreneur to make profits, he must engage in planning and anticipate consumer preferences. Consequently, those […]



“Success, in the good-enough economy, means racing ahead even as the machines supporting us sputter and break.” Business Week article here