THE PESSIMISM OF ECONOMISTS EXPLAINED
The purpose of legal, financial, and economic advice, is to temper animal spirits by exposing risks so that those risks can be mitigated. By and large economists lawyers, financial professionals, and economists do not identify creative opportunities – only failures: poor laws, poor financial arrangments or utilizations, and unserved markets. So these three disciplines are empirical systesms that inform ‘creative’ invsetors, entrepreneurs, marketers, and managers on the avoidance of risks. It’s this equilibrium between the via positiva opportunists and the via negativa risk managers, that ‘calculates’ how organizations continue to survive. 😉
