Bui Quanh’s Reviews > Theory and History: An Interpretation of Social and Economic Evolution > Status Update
Bui Quanh
is starting
economics must
treat individuals not as unique creatures, each with
his or her own goals and choices, but as homogenous
and therefore predictable bits of "data." One reason
orthodox economic theory has always had great diffi-
culty with the crucial concept of the entrepreneur is
that each entrepreneur is clearly and obviously
unique; and neoclassical economics cannot handle
individual uniqueness.
— Sep 14, 2026 08:05PM
treat individuals not as unique creatures, each with
his or her own goals and choices, but as homogenous
and therefore predictable bits of "data." One reason
orthodox economic theory has always had great diffi-
culty with the crucial concept of the entrepreneur is
that each entrepreneur is clearly and obviously
unique; and neoclassical economics cannot handle
individual uniqueness.
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Bui’s Previous Updates
Bui Quanh
is starting
Means and Ends
To choose is to pick one out of two or more possible
modes of conduct and to set aside the alternatives.
Whenever a human being is in a situation in which
various modes of behavior, precluding one another, are
open to him, he chooses. Thus life implies an endless
sequence of acts of choosing. Action is conduct directed
by choices.
— Sep 15, 2026 06:11AM
To choose is to pick one out of two or more possible
modes of conduct and to set aside the alternatives.
Whenever a human being is in a situation in which
various modes of behavior, precluding one another, are
open to him, he chooses. Thus life implies an endless
sequence of acts of choosing. Action is conduct directed
by choices.
Bui Quanh
is starting
Ludwig von Mises who recog-
nizes the freedom, of mind and of choice, at the irre-
ducible heart of the human condition, and who realizes
therefore that the scientific urge to determinism and
complete predictability is a search for the impossible—
and is therefore profoundly unscientific.
— Sep 14, 2026 08:52PM
nizes the freedom, of mind and of choice, at the irre-
ducible heart of the human condition, and who realizes
therefore that the scientific urge to determinism and
complete predictability is a search for the impossible—
and is therefore profoundly unscientific.