| | Mises scholar Bettina Greaves asked me to post this email for her:
Yes, you are right. ATLAS SHRUGGED is a good way to teach entrepreneurship. Also to explain how the refusal of entrepreneurs to cooperate and the interventions of bureaucrats disrupt production and lead to a breakdown of the productive system.
But what ATLAS SHRUGGED doesn't teach is the complexity of interpersonal cooperation, division of labor, specialization, savings and capital required to produce even a simple thing like a pencil. Surely you are familiar with Leonard Read's "I, Pencil." Simplistic, perhaps, but it makes an important point. Rand's portrayal of Galt's Gulch is very naive. If I remember correctly, the entrepreneurs in self-exile in Galt's Gulch enjoyed a very high living standard and many modern technological conveniences. Any such sophisticated society could not exist in isolation. It would have to have the help, support, and cooperation of countless persons outside the Gulch. If I remember correctly--after MANY years--the Gulch residents benefited from a technologically advanced system of communications and of transportation with a miniature railroad. Who built them? And where did the materials come from?
I wish I could recommend a novel to supplement ATLAS...that describes how the economic system of production is built up over long periods of time, thanks to the ingenuity of countless entrepreneurs, with the help of countless persons who cooperated, exchanged, saved and invested, bit I can't. Biographies of businesses, businessmen, and inventors might help. Also, one book that might help--not a novel--is HOW THE WEST GREW RICH by Nathan Rosenberg and L.E. Birdzell, Jr.
Rand shows how free markets can be broken down, but she doesn't show how they are built.
Thanks for sharing with me your exciting teaching plan.
BETTINA GREAVES
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