Who am I? What do I believe? What are my values? These are the questions entrepreneurs ask of themselves before they embark on any kind of project. Who do I want to help? How can I understand their need?
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.
From the days of large corporations, big factories, and mass-produced branded products and services, we are now headed towards a miniaturized, customized, co-developed future. Factories, farms and energy flows are miniaturizing. Add your unique recipe, and you’ve miniaturized the expert economy.
Annie Duke credits the empirical, dispassionate habits of mind instilled by “thinking in bets” with opening up new learning opportunities.
Entrepreneurs exercise a uniquely human form of imagination, based on unique knowledge that only they possess. They imagine a state of affairs that does not exist today, that they believe they can bring to fruition in the future as a result of their own actions. This is not the extrapolation of existing data. This is creativity
What if the opportunity does not “exist”? What if the entrepreneur’s contribution is to create it?
Entrepreneurs are creative. They find new ideas, either in their own heads or from others. They will gather and assess all the ideas, test the ones with most promise, measure the outcomes, and advance the ones with best results.
In the division of labor, we each want to demonstrate that we can provide better service to others and be worthy of our hire. This is how individuals find their own level.
Progressives’ goal is the entire reconstruction of society, and their views are a threat to civilization, says Hayek. Conservatives err when they try to maintain their own personal standing within the existing order without resisting this anti-civilizational crusade.
A real push is also necessary in the economics trade itself. The most important step to put markets where they belong—in first place in the economic discussion. The greatest hope lies in the fostering of new institutions that will, in turn, nurture economics thinkers who dare to acknowledge the merits of markets.
There’s a new measurement of economic activity called Gross Output. GO measures spending throughout the entire production process, at every entrepreneurial stage. This is consistent with economic growth theory – entrepreneurs drive growth.
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