Herbert Giersch’s entrepreneurship amounts to the paradox of individualism. The complexity of contemporary capitalism requires a collective effort disguised by a language of entrepreneurship. Individual entrepreneurial behavior aside, the discussion is focused on the firm, on capital, on technological knowledge, and on managerial skill for the entrepreneurial talent to work out. Since it is probably “easier for a person to acquire managerial skills than to accumulate capital, it appears evident that capitalists will normally hire entrepreneurs. In this case, capital becomes the limiting factor and the barrier to entry,” writes Giersch. Note that the person hires managerial skills suddenly rather than entrepreneurial talent.

Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, loc. 306