Time and Entrepreneurship - Part VII of "Principles of Praxeology" is online
Part VII explores the deep connection between time, uncertainty, and entrepreneurship. Every human being acts with the future in mind — weighing options, facing risk, and choosing based on values that change over time.
12/16/20251 min read
Part VII – Time and Entrepreneurship |
Time is not just a background to life — it is the very structure in which all action unfolds.
In this seventh module of the Praxeology series, we explore one of the most profound insights of Austrian economics: every human being is, by nature, an entrepreneur. Not merely in the commercial sense, but in the deeper, praxeological sense — as a speculative actor, navigating uncertainty, weighing costs, and acting with purpose.
Drawing from the foundational logic of Ludwig von Mises, this session investigates:
Why time preference is inherent to all action
How uncertainty and irreversibility define human decision-making
Why every choice is speculation, and why waiting is never neutral
The essential role of entrepreneurship as a function, not a class
How the awareness of mortality (memento mori) calls us to act meaningfully in the present
This module reminds us that to act is to risk, to choose is to speculate, and to live well is to act with awareness of both limits and possibilities.
📘 Whether you’re a student of economics or someone seeking clarity in an uncertain world, Praxeology VII will equip you with the tools to better understand your own role as an entrepreneur in time.
👉 Click the link below to access the course and begin exploring the logic of human action.