Cafe Hayek » Jobilism

Jobilism

Posted By Don Boudreaux On February 4, 2012 @ 8:25 am In Seen and Unseen,State of Macro,Work | Comments Disabled

Steve Horwitz ^[1] – influenced, methinks, by my former student Adam Gurri ^[2] – explains why pedestrian economics (here, alas, peddled by Paul Krugman) is mistaken to measure the contribution of entrepreneurs by how many workers they directly employ.

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[1] Steve Horwitz: http://www.thefreemanonline.org/headline/creating-jobs-versus-creating-value/

[2] by my former student Adam Gurri: http://cafehayek.com/2012/01/our-goal-should-never-be-to-create-jobs-our-goal-should-be-to-enable-people-to-contribute-something-valued-by-other-people-the-value-is-the-point-not-the-work.html

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