Re: [OPE] Invention, Inventors, and the Productivity of Labor

From: Ian Wright <>
Date: Sun Nov 02 2008 - 17:50:11 EST

> Why these salaried workers don't produce these inventions by their own?
> The lack of capital is not enough, since it is possible to borrow this capital.
> I think the answer comes from more subtle phenomena coming from the degree of risk averse of entrepreneurs. A low degree of risk averse is needed to embark on risky projects.
> We can't neglect this soft side of the problem if we want a socialist institutional design able to reach the rate of technological change of capitalism.
> Regards, A. Agafonow

In your market socialist scheme, how will these "entrepreneurs" get
rewarded? What kind of income will they receive?


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Received on Sun Nov 2 17:52:19 2008

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