> 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?
Thanks,
-Ian.
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Received on Sun Nov 2 17:52:19 2008
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