The Entrepreneur & Civilization.

“It doesn’t happen that way!” is what his friend kept telling him. Whether it was dressing for a special occasion or helping a neighbor with a boundary issue or finding answers to some financial questions, none of these just happen on their own or are magically resolved externally. This is the difference between being active and being latent, and in a way, this is the difference between being ‘awake’ or being ‘asleep’.

What is civilization, where does it come from, and who is responsible for it? Unfortunately, in these – the Dark Ages of economics – people have been lulled to sleep by the ideology of statism and so they sit back and expect that civilization is some external phenomenon. This disease of thought and spirit will not lead to the external appearance of civilization but rather to the extermination of civilization by the ego-driven institution – the State.

Society building is the essence of classical liberalism. The wonders of subjective human beings naturally seeking voluntary cooperation is the touchstone of human civilization. It is what allows ethics and economics to evolve together to bring to fruition peace and prosperity.

What is vastly different about classical liberalism is its appreciation of the divine aspects of civilization and of the agents of action – human beings. The reason this is vastly different from the current approach to ‘civilization’ is twofold:

1.     Within the ideology of statism there is confusion about the power and importance of religion. Because religion is misunderstood and maligned it is set aside and ‘civilization’ is externalized and handed over to the State.

2.     Within the ideology of statism the spiritual power and purpose of individuals is diminished to an insignificant speck making entrepreneurship much more difficult, and when those with exceptional abilities step forward often they are either maligned or lured into the ways of the civilization created by statism.

There is reason for optimism. First of all, the human spirit is indomitable which means that its inherent nature to independently investigate the truth will make all aspects of life open for examination. For example, the concept of social entrepreneurship shows this drive but quickly it falls under the persuasion of statism. That same aspiration taken farther – to the point where civilization without statism is pondered – will lead to the breathtaking discovery that the best means for transformation of individuals and society is to bypass or surpass statism, and to refuse to succumb to its corrupt influences.

Here is the gist of it all: the entrepreneurial spirit is the driving force of the economy. Within the shield and shelter of classical liberalism – in which the entrepreneurial spirit fully honors the divine character of individuals and of civilization – all things originate from the ground up from individuals and among their peers; in their households, in their neighborhoods, in their villages and towns, in their cities. Those societies which are the most prosperous and peaceful will be emulated and this is the process of an ever-advancing civilization.

The characteristic alertness of entrepreneurs is the key, and in these – the Dark Ages of economics – it has to include penetrating the smoke and mirrors of the ideology of statism.

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The Soulful Microeconomics of Disequilibrium

There is soul food and soul music and the advice to do things that are good for your soul. There is also soulful microeconomics!

That which cannot be seen not only has tremendous potential but it is also quite revealing about how best to scientifically investigate.

Some would say that the human soul is glorious and magnificent but who has ever seen it? Analogously the values subjectively given to all goods and services by each and all of the people in the world cannot be seen.

When an exchange takes place the buyer values what he gets in the exchange more than what he exchanges for it and the seller values higher what he gets in return. It is incorrect to say these are equal because if they were merely equal there would be no reason to exchange. The price agreed on is sufficient for exchange but that is all it indicates.

What is hidden is the value and it is disgraceful for economic science to simply pretend that the two things in the exchange are equally valued.

And so you see, if you are unwilling to recognize that the unseen and hidden have tremendous potential for helping to advance scientific understanding then most of what is meaningful is simply and erroneously disregarded.

There are three major differences between this book – The Human Essence of Economics – and any other and all other microeconomics books:

1.            The source of subjective valuation is identified.

2.            The real world is what we are interested in and it is recognized as always being in dynamic disequilibrium.

3.            Primarily, it is the searching entrepreneurial spirit that drives the economy.

Look around. Compare this approach with any and all other books about microeconomics and also compare it with the real world that you live in. That will be reason enough for you to prefer this book over others and that will be reason enough for you to be intrigued about its contents.

You can buy The Human Essence of Economics at Amazon.com or if you want to read the first two chapters just to make sure it will be fascinating to you then grab this free resource.