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 "rec_id": "media-austrian-theory-what-is-the-function-of-the-entrepreneur-in-economic-equilibrium",
 "course": "austrian-theory",
 "title": "What is the function of the entrepreneur in economic equilibrium?",
 "speaker": "Murray N. Rothbard",
 "source_file": "media/Austrian Theory/What is the function of the entrepreneur in economic equilibrium_ Murray N Rothbard.mp3",
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 "language": "en",
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 "duration_s": 22.6,
 "generated": "2026-08-03T21:49:15Z",
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 "text": "Austrians focus on the process, the real world process by which the economy tends to move toward equilibrium and thereby, of course, we have the whole world of risk and uncertainty and change, which is the real world, which equilibrium economics doesn't talk about. And so, therefore, the entrepreneur becomes a key figure in the whole process, the profit and loss system, the incentive to make profits and to avoid losses.",
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   "text": "Austrians focus on the process, the real world process by which the economy tends to move toward equilibrium and thereby, of course, we have the whole world of risk and uncertainty and change, which is the real world, which equilibrium economics doesn't talk about.",
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}