Mises Quote of the Day

3 March 2009 at 12:02 pm 1 comment

| Peter Klein |

OK, so the great line attributed to George W. Bush — “the problem with the French is they don’t have a word for entrepreneur” — turns out to be apocryphal. But check out this passage from the recent Mises collection, Marxism Unmasked, as noted in David Gordon’s review:

In French, the words “organize” and “organizer” were unknown before the end of the eighteenth century or the beginning of the nineteenth century. With regard to the term “organize,” Balzac observed “This is a new-fangled Napoleonic term. This means you alone are the dictator and you deal with the individual as the builder deals with stones.” (p. 45)

Thanks to Jeff Herbener for the pointer.

Entry filed under: - Klein -, Austrian Economics.

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Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
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