Monday, August 27, 2012

An Economic Argument for Free Will

Since entrepreneurial uncertainty is neither deterministic risk nor probabilistic risk nor true randomness, and since entrepreneurial profit is neither the wage of a risk manager nor a windfall gain, human choices the successful anticipation of which is the source of entrepreneurial profit can be neither determined nor random. Which means that they are neither quantitatively predictable nor unpredictable, but qualitatively and imprecisely predictable, the ineradicable residuum of predictive fuzziness in this context being the influence of free will.

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