A company is a group of natural and/or legal persons typically involved in a for-profit or non-profit business.

All Action is Human Action


As Mises said, “all action is human action”. In other words, although we form groups that can indirectly act through consensus, groups themselves aren’t physical entities (and thus they can’t act directly).

James Monroe Wrote the Monroe Doctrine


Monroe Doctrine

One might assume James Monroe wrote the 1823 Monroe Doctrine, but its primary author was future-President and then secretary-of-state John Quincy Adams.