Trial And Error: The Free Market's Hidden Strength
Free market encourages trial & error, but traditional incentives restrict individual freedom. Entrepreneurs drive innovation with initiative & passion, while organizations rely on non-entrepreneurial employees for stability.
I've always been interested in the economy, business, incentives, and such things -- and how they work. I am presently building LiveAPI—a super-convenient tool to transform your code repositories into beautiful API docs in minutes. As I work on my product, I've also been sharpening my perspectives on economic matters by reading Adam Smith's works. See my previous posts for a record of my efforts. What Taleb Said About Trial and Error In this post, I will try to explore a point that has troubled me often as a founder. When I talk to most people, their focus is on earning money. But as...