By Peter Armstrong
The sponsorship of the entrepreneur as an agent of monetary progress is now on the centre of an unlimited promotional undefined, related to politicians, govt departments and better schooling. This ebook examines the origins of this phenomenon and matters its mythologies, hero-figures and guidelines to an empirically dependent severe exam.
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Additional resources for Critique of Entrepreneurship: People and Policy
The belief that basic economic liberties were under attack, of course, was one of long standing in America. In 1908, Assistant Attorney General Jewel P. Lightfoot, ofﬁcial trust-buster to the state of Texas, declared that, ‘Our entire business world is on an illegal basis. Americans are becoming cogs in a great national organization of commerce. ’ (Piott, 1985, p. 148). Though The Road to Serfdom was written in the UK, Hayek had visited America during 1931 and must have encountered thinking of this kind.
244–56). The case illustrates the manner in which city government had evolved into yet another form of supra-company management. Preserving the small business way of life As the institutions of corporate America took shape, majority public opinion made its accommodations, probably in recognition of the source of the pay cheques. Galambos’ (1975) longitudinal study of the magazines aimed at the American middle classes revealed an increasingly benign view of big business, an interpretation corroborated by a number of more impressionistic commentators (for example, Hofstader, 1965; Weibe, 1976).
The proviso was that the West needed to reverse the tendency of the state to accumulate powers which enabled it to interfere with the rights of private capital. In this sense, Hayek provided a rationale for the unceasing patrols of the US Navy and Strategic Air Command, both of which institutions, ironically enough, depended on a highly-co-ordinated industrial structure which differed radically from his version of capitalist virtue. What is most obvious about Hayek is that he redrew the axis of opposition deﬁning liberalism as one in which the freedoms of capitalism as a whole were threatened by an authoritarian state.
Critique of Entrepreneurship: People and Policy by Peter Armstrong