----------------- HES POSTING ----------------- I was at an HES conference when one of the presenters made out a case that Adam Smith did not like entrepreneurs who he termed "projectors" perhaps thinking that they were all like John Law. But what about those who helped build Coase's lighthouses, etc.? Smith liked the merchants and retailers who demonstrated prudence, self-reliance and attention to details, but not the "big picture" types who imagined a new future, etc. Should we agree that even if the word "entrepreneur " were used by Smith he would have attacked these personalities and not appreciated the function they perform? I would like to hear from others on this. Laurence S. Moss ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]