On Freedom and Free Enterprise: Essays in Honor of Ludwig von Mises (Mary Sennholz)
- Highlight Loc. 4625-30 | Added on Thursday, September 29, 2011, 11:57 PM
3. Automaton role for entrepreneurs. Accelerationists share the danger common to all holistic and macro approaches to economic problems—namely, the submergence of individual and entrepreneurial decision (human action) to a constant factor within a pat formula. Such treatment implies on the part of entrepreneurs irrationality or sheer impulsiveness. Boulding described this situation thusly:3 The picture of the firm on which much of our analysis is built is crude in the extreme, and in spite of recent refinements there remains a vast gap between the elegant curves of the economist and the daily problems of a flesh-and-blood executive.
- Highlight Loc. 4625-30 | Added on Thursday, September 29, 2011, 11:57 PM
3. Automaton role for entrepreneurs. Accelerationists share the danger common to all holistic and macro approaches to economic problems—namely, the submergence of individual and entrepreneurial decision (human action) to a constant factor within a pat formula. Such treatment implies on the part of entrepreneurs irrationality or sheer impulsiveness. Boulding described this situation thusly:3 The picture of the firm on which much of our analysis is built is crude in the extreme, and in spite of recent refinements there remains a vast gap between the elegant curves of the economist and the daily problems of a flesh-and-blood executive.
