Tom Woods on the difference between economics and entrepreneurship

"If you know so much about economics, how come you're not rich?" People really ask that sometimes.

Economics helps us understand how the world works, which policies will make us prosperous and which impoverished. It helps us understand the role of the entrepreneur, which according to Mises is to arrange resources so they add the most value for consumers.

It's easy to understand what the entrepreneur does. But:

It's not easy to understand how the entrepreneur does it. And that's pretty much the whole sack of potatoes, is it not?

~ Tom Woods, March 4, 2020