Tuesday, October 07, 2008

There Is A Great New Blog Called "Heroes of capitalism"

Here is the link:

Heroes of capitalism

Here is their description of the blog:

"The Heroes: What is a hero of capitalism? Someone who used private property to produce wealth. Everyday there will be a featured hero. Though many of the heroes had far more than one accomplishment, only one will be highlighted at a time. Private property includes the tangible (like land) and intangible (like ideas).

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned."

I have done some research on entrepreneurs as heroes. Here is one of the interesting thing I came across while writing a paper called "Who Says Entrepreneurs Are Heroes?". (It was presented at the first HERO'S JOURNEY ENTREPRENEURSHIP FESTIVAL, March 31st, 2007 at Pepperdine University).

One thing I mention is work by Candace Allen and Dwight Lee. Their 1996 Journal of Private Enterprise article called “The Entrepreneur as Hero” won the best paper award. Perhaps the main point of their article was: “Just as the society that doesn't venerate winners of races will produce fewer champion runners than the society that does, the society that does not honor entrepreneurial accomplishment will find fewer people of ability engaged in wealth creation than the society that does.” Ms. Allen was also invited to give a speech on this at the Federal Reserve Bank in Dallas. Her speech was published in Economic Insights (from the Dallas FED). It was then reprinted in both the Independent Review and The Freeman.

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