tag:blogger.com,1999:blog-3758330678390419129.post6846580523056493562..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Israel Kirzner on Ethics and EntrepreneurshipRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3758330678390419129.post-81493982792687115492012-09-09T02:18:41.049-04:002012-09-09T02:18:41.049-04:00And FURTHERMORE:
I've re-read RW's post an...And FURTHERMORE:<br />I've re-read RW's post and plucked THIS out.<br /><br />Mises:<br />"Let us try to think the imaginary construction of a pure entrepreneur to its ultimate logical consequences. This entrepreneur does not own any capital. The capital required for his entrepreneurial activities is lent to him by the capitalists in the form of money loans. The law, it is true, Capn Mikenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5709969447526811052012-09-09T01:57:21.156-04:002012-09-09T01:57:21.156-04:00Tom, Really?
Is it not self-evident that an entrep...Tom, Really?<br />Is it not self-evident that an entrepreneur is an opportunist?<br /><br />Hey, no disrespect to Mises. The "Duh" was not aimed at him. <br /><br />But I AM an entrepreneur. And I know a LOT of other entrepreneurs. And NONE of us looks down when we're dealing. Risk is just not a factor. It helps that we're usually playing with house money.<br />To me, that'sCapn Mikenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55825252215703750932012-09-09T01:40:46.651-04:002012-09-09T01:40:46.651-04:00Tom,
If an person spots what he sees as an opport...Tom,<br /><br />If an person spots what he sees as an opportunity, and borrows the money to go forward on a project, and has no downside risk but tremendous upside if his vision is correct, what would you call such a person?<br /><br />Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-2303475137007112772012-09-09T01:27:38.338-04:002012-09-09T01:27:38.338-04:00We can probably do without the duhs. Mises was not...We can probably do without the duhs. Mises was not an idiot. If entrepreneurship is about spotting opportunities as opposed to uncertainty bearing, how do we account for entrepreneurial loss? Did that person spot a negative opportunity?Tom Woodshttp://www.libertyclassroom.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73478552169787075072012-09-08T22:51:26.204-04:002012-09-08T22:51:26.204-04:00Well DUH!!
Anybody who has done start-ups in silic...Well DUH!!<br />Anybody who has done start-ups in silicon valley (or anywhere) knows it's about spotting an opportunity, NOT risk.. The whole idea of the garage legend implies poverty. And as Bob Dylan said: "If you ain't got nothin' you got nothin' to lose". So what's to risk???<br />Jeez, these academic economists should pull their heads out of their collective Capn Mikenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84096667822937431662012-09-08T20:58:40.161-04:002012-09-08T20:58:40.161-04:00Something has bothered me for, oh, 40 years. If en...Something has bothered me for, oh, 40 years. If entrepreneurs are so dumb and ignorant, from where did Keynes and his authoritarian bureaucrats get all of their superior information and how did Keynes know <i>a priori</i> that those bureaucrats would invariably have superior information to that of entrepreneurs?Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-52756009272945229312012-09-08T20:31:17.922-04:002012-09-08T20:31:17.922-04:00At 1:01:30 Fr. James A. Sadowsky, S.J. asks a ques...At 1:01:30 Fr. James A. Sadowsky, S.J. asks a question. Fr. Sadowsky died yesterday. R.I.P.<br /><br /> http://anarcho-catholic.blogspot.com/2012/09/james-sadowsky-sj-december-28-1923.htmlbedwerehttps://www.blogger.com/profile/08339741971886945010noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55763720883750644112012-09-08T19:31:24.726-04:002012-09-08T19:31:24.726-04:00Note: I have replied to Danny Sanchez's commen...Note: I have replied to Danny Sanchez's comment here:<br /><br />http://www.economicpolicyjournal.com/2012/09/a-reply-to-danny-sanchez-on.htmlRobert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29053577105975187902012-09-08T18:14:47.417-04:002012-09-08T18:14:47.417-04:00I never read the Keynes's full paragraph on th...I never read the Keynes's full paragraph on the "animal spirits" stuff before, I've only seen it referenced in sarcastic tones in various liberty oriented blogs/writing.<br /><br />It's astounding how ridiculous it is now that I have the full context. To think that he dismisses calculation & planning as a factor in entrepreneurship is absurd.<br /><br />Thanks for the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13094230542646830192012-09-08T17:38:19.359-04:002012-09-08T17:38:19.359-04:00Hi Robert,
The objections to Kirzner's "a...Hi Robert,<br />The objections to Kirzner's "alertness" position concerns the catallactic function of entrepreneur, not the "ideal type" of entrepreneur-promoter. It is the latter that is what people think of when they think of Steve Jobs, etc. The entrepreneurial function is much broader, and deals with all human action insofar as it deals with uncertainty. Get rid of theDanny Sanchezhttp://mises.org/sancheznoreply@blogger.com