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NOTE What is the role of the capitalist entrepreneur in Austrian Economics?

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And so the capitalist entrepreneur in Austrian theory earns a two-part return.

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One, as an entrepreneur by forecasting better than the next guy,

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and be able to forecast the future, forecast what demand will be for his product, what cost will be.

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And also, two, as a capitalist saving up money and then paying workers right now in advance of their production and sale,

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for which the workers, in a sense, pay him a discount. They pay him the interest return.

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And they're happy to do it because they don't have to wait five years for payroll.

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So these are the two basic functions of a capitalist entrepreneur.

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Entrepreneurship and capital saving investment.