November 26, 2006

Naviblog Thought 13: Gilder on Entrepreneurship



* Knowledge emerges not from chaos, or fixity, but from conditions of uncertainty.

Under capitalism, power flows to precisely the people who are willing to stake their money not on gambles or sure things but on testable hypotheses, thus generating knowledge and wealth for society.

Entrepreneurs are trustworthy because they accept a moral code of testability and falsifiability rather than one based on sentiment, sanctimony, good intentions, good press, good luck, good looks or guarantees.

- George Gilder, December 23, 2002, in The Confidence Game (Forbes.com)

No comments: