Abstract
In the explanation of economic phenomenon such as action the core concept is entrepreneurship. It acquires the character of the function that every person makes when acting. The field of application of pure entrepreneurship is the totality of reality that surrounds a human being. Anything that arouses the attention of the person can be converted into a suggestive possibility and become an attractive project. The information that is managed in the project has its own series of particular characteristics: information is practical, private, tacit and is transmissible. We will venture a criterion of social coordination in accordance with the possibilities of action: coordination will improve if the process of the creation of individual possibilities of action, that is carried out in the social institutions and culturally transmitted, is extended. In other words, an institutional and cultural framework will be more efficient, the more individual possibilities of action are generated.
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Notes
- 1.
The scheme, which I use for analysing, is based on Huerta de Soto (1992, Chap. 2).
- 2.
On this particular subject Professor Huerta de Soto adds: “this same idea was expounded quite a few years ago, by Gregorio Marañón: he told of a private conversation he had with Bergson, a short time before his death, when the French thinker confessed the following: ‘I am sure that the great discoveries of Cajal were no more than objective verifications of the facts that he had foreseen in his brain, as true realities’” (Huerta de Soto, 1992: note 26, p. 59).
- 3.
By open institution, we understand that institution that is a fundamental part of the open society as defined by Popper (1950).
- 4.
For Mises praxeology deals with human action in a value-free manner. He defended a formal theory of human action. But this position is only possible from his utilitarian position. For a critique of Mises´ utilitarian position see Aranzadi (2006, Chap. 5).
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Aranzadi, J. (2023). Society as a Creativity Process. In: Howden, D., Bagus, P. (eds) The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume II. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-17418-6_2
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