Praxeology VII - Time and Entrepreneurship
In this powerful lecture from the International Mises Academy, Dr. Antony P. Mueller guides learners through the essential praxeological insights into time, space, and the entrepreneurial function. Building on the Austrian School tradition, this course provides a comprehensive philosophical and economic framework for understanding how humans behave under conditions of scarcity, uncertainty, and finite existence.
Whether you’re a student of economics, a thinker, or a doer, this course invites you to rethink entrepreneurship—not just as a profession, but as the very nature of purposeful human action.
What You’ll Learn:
✅ Why time is inseparable from action, and why we act in the present to shape the future
✅ How space and bodily limits define the scarcity of both time and opportunity
✅ The concept of time preference, and why humans always prefer satisfaction sooner rather than later
✅ The subjective nature of waiting and cost, and how it shapes economic value
✅ How interest rates emerge from time preference—not just financial incentives
✅ A deep dive into the entrepreneur as a universal human role—not limited to business owners
✅ Why conjecture and speculation are essential to any action taken under uncertainty
✅ How even Robinson Crusoe is an entrepreneur in the praxeological sense
✅ A thought-provoking reflection on “memento mori – memento vivere” as a call to live purposefully within finite time
🧠
This Course Is Ideal For:
• Students of Austrian economics, libertarian thought, or praxeology
• Entrepreneurs seeking a deeper philosophical foundation for their work
• Philosophically inclined thinkers and educators
• Anyone exploring the interplay between human action, time, and economic behavior
- A must-watch for startup founders, investors, or anyone who acts under uncertainty
- Understand why time preference is universal and essential to action
- Learn how praxeology explains interest rates, cost, and economic behavior
- Discover how every person is an entrepreneur—even without a business
📚 Instructor: Dr. Antony P. Mueller
🌐 Hosted by: The International Mises Academy (IMA)
“We are all entrepreneurs. Every action is speculation.” – Praxeology VII
This module explores the essential role of time, change, and uncertainty in human action and entrepreneurship. Dr. Antony P. Mueller explains how praxeology views every human as an entrepreneur—a decision-maker who speculates, acts, and accepts the unknown. Key topics include: • Time preference and the logic of choosing sooner over later • The irreversibility of time and why all action happens in the present • The entrepreneur as a universal human role, not just a business figure • The nature of cost, interest, and speculation under uncertainty • A praxeological reading of memento mori and memento vivere This lecture provides a powerful framework for understanding entrepreneurship as human action, grounded in subjective time and value.