Saturday, September 18, 2010

The Human Essence Of Economics Has To Do With Cause And Effect.

Understanding the human essence of economics reveals cause and effect, and the acquisition of virtues which leads to service, which leads to the discovery of and desire for the refinement of that virtue and/or the acquisition of other virtues, which leads to further service. This is the human essence of economics and it is all a part of the ever-advancing civilization which rests firmly on the free market.

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Thursday, September 09, 2010

Where Does Entrepreneurship And The Arts Come Together?

Artists are human beings therefore they possess the entrepreneurial spirit. In that sense the pursuit of anything by anyone is entrepreneurial but one thing needs to be understood and that is that humans can be actively entrepreneurial or in latency. Speaking specifically about artists and assuming active entrepreneurship: their end product satisfies at least one person - the artist. The 'latent' artist may even generate a product but it brings little artistic satisfaction to the artist although it could possibly be a commercial success!

All people are entrepreneurial, either active or latent, which is another way of saying that the human reality has the powerful distinction of the investigation of truth. The degree of the pursuit after truth is directly related to whether the individual is an active or a latent entrepreneur regardless of 'profession.'

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Friday, July 23, 2010

True Education Ignites The Spark Of Our Entrepreneurial Spirit.

Cameron Herold presents great specifics and relates it to himself and others like him. No doubt the education system - which is becoming increasingly just a vehicle for propaganda - fails kids with special traits but it also fails everyone else too. I suggest that the potential for entrepreneurial education is even more universal.

The entrepreneurial spirit is alertness and this is an essential characteristic of being human. It is the human expression of the search for truth. True education would be all about nuturing the search after truth, in other words, true education is wholly about developing the entrepreneurial spirit.

Cameron Herold gives numerous examples of ways to encourage entrepreneurial thinking specific to production. No doubt that kind of entrepreneurship raises the standard of living measurably, but all human action that is inspired by the search after truth, whether it is material or ideal, carries forward an ever-advancing civilization.

In essence there is no such thing as education unless it is built upon igniting the spark of the entrepreneurial spirit in each of us.

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Monday, July 05, 2010

Intellectual Property Often Neglects Recognition Of Its Source.

In essence all true wealth orignates from these ideal attributes and praiseworthy virtues. Their nature is eternal and not subject to dissolution. And just as they possess that potency they have no exclusivity. Anyone who comes to know something discovered in the invisible realm by thoughtful alertness is fully entitled to share it with others, therefore all restrictions are the result of manmade corruption of the sphere of knowledge.

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Saturday, May 29, 2010

Classical Liberalism Definition Contest!

Can anyone give a more concise definition of a classical liberal than the following? A classical liberal is someone who recognizes individual sovereignty.

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Sunday, April 18, 2010

Q: What Sort Of Information Do Prices Convey?

Prices reflect the value consumers subjectively ascribe to the qualities and attributes associated (or thought to be associated) with the good or service in a world constrained by scarcity.

In essence, prices are a reflection of both the material world and the spiritual world thus mirroring the human reality. The material world is what it is; depending on the knowledge and physical limitations that exist (scarcity) at that point in time. The aspirations for more perfection in the reflections of the name and attributes of God is what is behind the insatiable desire that is driving what is termed as 'unlimited demand.'

The market is where these forces become expressed as prices. The market process is where the entrepreneurial spirit creatively serves to improve the conditions of supply and to refine demand.

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Monday, March 08, 2010

Competition Is A Meaningless Economic Concept, By Itself!

Competition in the market is held up as a mighty emblem by the ego-driven interpreters but actually it is a half-truth!

The essential reality of the market process can only be understood by acknowledging and respecting competitive entrepreneurship. To single out competition, as is done in the pseudo-economic world of empiricism, is similar to claiming that the atmosphere is made of oxygen. Depending on the degree of knowledge of the claimant that is either a half-truth or ignorance or a lie. Light a match and see if the atmosphere is 100% oxygen!

To understand the atmosphere the rest of its components need to be recognized. To understand the economy - which is a reflection of human action - the entrepreneurial spirit has to be recognized. In fact the two are inseparable and so the correct description of human action, and therefore of the economy at the loci of decision-making, is to refer to it as competitive entrepreneurship.

Empirical economists who talk about and postulate about 'competition' are talking nonsense and are engaged in a fantasy that is destructive. Further, the ego-driven interpretation that necessarily stems from these empirical economists just fuels the fire of ego-driven interventionism which is scorching the earth: destroying wealth, undermining peace, and spreading corruption and strife.

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Saturday, February 27, 2010

Refinement Of Competitive Entrepreneurship Microeconomic Theory.

The stage is wide. It is as wide as human life on this planet. Apparently every human endeavor is an example of how the human psyche works and how it becomes manifest and operable in the world. These are the signs and symbols of the wonders of human life and provide fertile ground for advancing the human sciences.

Take the Olympics as an example. Ignore the childish side of nationalism but acknowledge the national cultural distinctions that facilitate interregional diversity and competition. It sets the stage for one of the things that humans inherently like to do and that is compete. Ultimately the competition is personal, it is competition to improve one’s own performance in a competitive environment.

That is one half of the story. At the core there is a dualism identified as competitive entrepreneurship. Humans always function within that framework. There are degrees of latency that lead to distinctions between individuals, and that distinguish the performance of an individual from one point in time to another point in time, and there are times when one of either of these dual characteristics (competitive entrepreneurship) is relatively more latent or more active than the other in the life of an individual.

It cannot be imagined when competitive entrepreneurship is not the determining factor in the development (or lack of development) of individuals and unavoidably the development (or lack of development) of human civilization.

Humans desire to improve their condition and humans have the capacity to be alert to the potential possibilities that could lead to an improvement of their condition. That is their nature and that is competitive entrepreneurship.

Subjectivism at the microeconomic level acknowledges that competitive entrepreneurship illumines the praxeologic and economic content of human decision-making. This is the reason that the methodology of subjectivism is realistic and scientifically valid. Refining our understanding of competitive entrepreneurship is what will advance microeconomic theory!

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