Entrepreneurship

High agency is such an important idea because the more agency an individual or society has -- the more problems they can solve.

High agency can be a confusing idea to understand because it’s not just one idea. It’s a combination of three distinct skills rarely found together:

1. Clear thinking


2. Bias to action


3. Disagreeability

When you try to make something that solves everything, you obsess over questions of power: how to make something that is omnipotent and everlasting. But when you make something that does one thing well, the questions are much more personal: does it solve my problem? and for how long? and who for? and where will it push the space around it? I want... See more

Cantillon argued that the origin of entrepreneurship lies in the lack of perfect foresight individuals have about the future. Rather than consider this lack of foresight a defect of the market system, Cantillon accepted it as part of the human condition. Uncertainty is a pervasive fact of everyday life, and those who must deal with it continually... See more