| Online: | |
| Visits: | |
| Stories: |
Entrepreneurial Analysis and the Economist’s Limited Frame of Reference
from The Daily Bell
What exactly is an entrepreneur? … Entrepreneurs are everybody’s favourite heroes. … In a new paper Magnus Henrekson and Tino Sanandaji argue that the number of self-made billionaires a country produces provides a much better measure of its entrepreneurial vigour than the number of small businesses. The authors studied Forbes’s annual list of billionaires over the past 20 years and produced a list of 996 self-made billionaires (ie, people who had made their own money by founding innovative companies as opposed to people who inherited money or who had extracted it from the state). – The Economist
Dominant Social Theme: Entrepreneurs are wonderful and we need more of them.
Free-Market Analysis: The Economist magazine has decided that Henrekson and Sanandaji (see above) have the right idea when it comes to entrepreneurs: Bigger is better.
The Economist being a manifestation of globalism could surely be expected to take this view. But it is misguided nonetheless and illustrates once again the difference between elite journalism and reality-based reporting.
Elite journalism deals with modern “realities” as they SEEM to be; investigations begin and end within those parameters. Reporting, as we practice it – along with others in the alternative media – attempts to discern underlying realities … and thus the reporting may explain a good deal more.
Continue Reading at TheDailyBell.com…
Source: http://financialsurvivalnetwork.com/2014/02/entrepreneurial-analysis-and-the-economists-limited-frame-of-reference/?utm_source=rss&utm_medium=rss&utm_campaign=entrepreneurial-analysis-and-the-economists-limited-frame-of-reference
