In 1517, Martin Luther challenged the incumbent system of the world. Today, there is another fundamental system under challenge: the credentialism of higher education
About Hunter Hastings
Hunter Hastings is the Executive Director at Center for Individualism. He's an economist, venture capitalist, and lifelong advocate for liberty, economic freedom, and individual entrepreneurship.
Hunter’s current research is focused on the intersection of 21st century individualism, emerging technology and the radical decentralization that is freeing markets and creating a new spectrum of individual opportunity. His newest book is The Interconnected Individual, co-authored with Jeff Saperstein, to be published by Business Expert Press in 2018.
Entrepreneurs are theorists of the future. Theories are counterfactual. They are not based on data or research. They can’t be, because you can’t research what doesn’t exist. Theories open up previously unseen paths.
Freedom and the free enterprise economy need to find their own intellectuals who can escape 19th century socialist ideas, and make the application of technology to help the weakest in a free society once more an intellectual adventure, and a deed of courage.
Entrepreneurs are individuals with novel theories about the future. Theorizing is not the mere processing of existing data. It’s not analytical (that’s what machines do). It’s uniquely creative. It’s an act of supposing, conceiving and considering new possibilities.
Calling owner-managers of very small businesses “self-employed” is doing all of society a disservice. Employment is the assignment to carry out specific tasks (or produce a set of fairly standardized outcomes) within an existing business. Entrepreneurs must create value. They can’t offer standardized goods or services in a standard way.
We’ve been persuaded to think of Silicon Valley as a pinnacle of innovative technologies and the home of the leaders of the tech revolution. George Gilder thinks they’re delusional and will soon be replaced.
Kids are not going to be able to relate to terms like time preference and opportunity cost. The words aren’t right for them. And the concepts are too abstract. They need to be clearly grounded in a world that kids understand. A different creative strategy is needed. Enter The Tuttle Twins.
People make decisions based on the values they hold most dear. Those might be family values related to happiness, health and economic security. Or they may be the achievement ethics of hard work and duty. Or they may be broader values regarding helping others, or even saving the world through charity and conservation. All the economic choices people make are shaped by their values.
“What do I know?” Today, you can answer: I am a person with access to any knowledge I need and to tools of immense power. I am networked to virtually everyone in the world, who can provide knowledge, resources, and collaboration on any issue. All resources are accessible to me.
Each individual is free, using individual knowledge and skill, to do his or her best within the general rules that apply to all, and is free to learn from the experience, and, if the experience is not what was intended, to try to succeed via a different approach next time. That is the essence of the free society.
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