Virginia Postrel: Entrepreneurs as lucky fools

Why not take the risk? Is there something you’re trying to hang on to? If it’s your dignity then forget it, it’s too late. 🙂

THE dot-com bubble has burst. The stock market keeps taking scary plunges. Even well-established technology companies are suffering from surprising downturns. The cynics of a few years ago are laughing. All that “irrational exuberance,” they say, was not just irrational but downright stupid. Grown-ups don’t become carried away with the idea of striking it rich.But what if irrational exuberance is in fact the secret to vigorous economic growth? What if countries become stagnant if all their business people become too mature and rational?

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