The Keys To Understanding Entrepreneurship.

The keys to understanding entrepreneurship are that the entrepreneur discovers opportunities, responds to opportunities and generates opportunities by bearing uncertainty. This process is a competitive process which exists when there is freedom; freedom for those with better ideas to pursue their ideas, and freedom for those with a greater willingness to serve to then go ahead and serve the needs conveyed via the market process.

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Gaining Knowledge About The Three E’s: Economics & Entrepreneurship & Ethics!

There is a comprehensive and harmonious new technology in praxeological science that makes it possible to make sense out of the world by by-passing all of the fallacies of statist ideology. The divine economy theory emphasizes and scientifically proves the moral foundations of human action occurring as part of the market process.

The key points here are: the divine economy theory is a new technology; and economics and ethics are inseparable; and human perception combined with capital, when unhampered, is how the world becomes better.

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Divine Economy Theory Has Classical Liberalism Roots.

Science is always moving forward. Most often this is a subtle process yet sometimes the forward movement is accelerated. It remains to be seen if economic science progresses slowly or rapidly now; now that there is this new avenue for advancement, which I call the ‘divine economy theory.’

Regardless of the future, the ‘divine economy theory’ emerged from and is compatible with classical liberalism. What this means is that the ‘divine economy theory’ rests upon their common pillars of property, freedom and peace!

From the viewpoint of the ‘divine economy theory’ as represented by the Divine Economy Model © it is clearly stated that property rights are the mirror images of human rights. As such there is no excuse for any violation of property rights.

Likewise the ‘divine economy theory’ clearly demonstrates that human intervention into the economy is a corruption. This is a sure guarantee of freedom since it is only under the condition of freedom that the economy can reach its potential.

It follows then that when human rights are protected and when there is freedom that the outcome is peace. The Divine Economy Model © demonstrates this by its axis of justice and unity supporting the nature and role of knowledge.

To continue the metaphor, the roots of the ‘divine economy theory ‘ are classical liberalism. The buds are just beginning to open and soon there will be leaves and flowers. The fruits that will be produced in the future will be sweet and can be described as an ever-advancing civilization.

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The Constant Search In Disequilibrium.

If the economy ever reached a sustainable equilibrium there would be no need for alertness. But the real world is dynamically in disequilibrium, perpetually driven towards equilibrium. Alertness therefore is a main ingredient. This human propensity towards alertness shows up in two ways. Goals are pursued efficiently in a constant search to find the following: 1.) which ends to pursue, and 2.) which means are available.

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Praxeology Studies The Form And The Structure Of Human Action.

Praxeology studies the form and the structure of human action. Human action occurs in the worldly condition of radical uncertainty. The urge to act is irrepressible, yet because of the uncertainty the consequences of the action are not known. This is part of the human condition – we act purposefully in an uncertain world.

Homo agens – us – we are endowed with the propensity for alertness toward fresh goals and the discovery of as yet unknown resources. This is the perfect complement to the matrix of our world, a world composed of uncertainty and imperfect knowledge. From this matrix, through the channel of alert human action, comes entrepreneurship.

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