Re: Money from nothing

Inviato da  Ashoka il 19/6/2006 8:31:02
Pensano che i soggetti economici, comprese le aziende, lasciati liberi di scegliere quello che vogliono in base ai loro interessi, producono sempre soluzioni ottimali


Now, the uncertainty factors enter into the actor’s decision in one way or the other. The delicate procedure of weighing all the various factors in the situation is a complex process that takes place in the mind of every actor according to his understanding of the situation. It is a decision depending purely on the individual judgment, the subjective estimates, of each actor. The “best” decision cannot be exactly, or quantitatively, decided upon in advance by objective methods. This process of forecasting the future conditions that will occur during the course of his
action is one that must be engaged in by every actor. This necessity of guessing the course of the relevant conditions and their possible change during the forthcoming action is called the act of entrepreneurship. Thus, to some extent at least, every man is an entrepreneur. Every actor makes his estimate of the uncertainty situation with regard to his forthcoming action.
The concepts of success or failure in entrepreneurship are thus deducible from the existence of action. The relatively successful entrepreneur is the one who has guessed correctly the changes in conditions to take place during the action, and has
invested accordingly.
On the other hand, the relatively unsuccessful entrepreneur is the one who has been badly mistaken in his forecast of the relevant changes in conditions taking place during the course of his action.


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