A comparison between the two theories of entrepreneurial action suggest that it may be time to drop the use of the words “equilibrium” and “disequilibrium” from economics.
Many products — delivered by the marketplace — that are mocked as "useless," and which environmentalists denounce as "wasteful" are essential items in the daily lives of many disabled people.
Thanks to entrepreneurs, markets are dynamic and constantly expanding. Attempts by governments to manage prices through the bureaucracy are sure to hinder this dynamism and drive to serve customers.