- How did Gardner's actions match the description that Murray Rothbard gives to entrepreneurs and entrepreneurship?
Gardner is truly an entrepreneur. Professor Murray Rothbard describes an entrepreneur or a “capitalist-entrepreneur” as the person that invests in land and/or capital goods and uses these factors of production in the present for producing goods and services that will be sold in the future. The entrepreneur makes a profit if the rate of return he gets from this economic activity is greater than the prevailing general interest rates. This is brought about by his realization that capital or capital goods is “ ...
