**This event is hosted by our friends at Golden Gate Liberty r3VOLution**
When most people think of entrepreneurs, they envision someone with both brains and more than a little luck. They might say the entrepreneur must have specialized knowledge that allows her to recognize something that others want but have not yet realized. But, is this the case? Hayek’s, “The Use of Knowledge in Society,” provides a more accurate picture of the knowledge that markets use and the system that captures information that is not available, in his words, “to any single mind.” But, isn’t all knowledge and development the result of advances in scientific knowledge? What else could possibly have changed the world so dramatically over the last two hundred and fifty years? What is missing here? To understand, it is worth analyzing this piece while discovering the entrepreneur’s secret.
John (Jack) Estill began his career as an estimator for a general engineering contractor, rising to the position of Chief Operating Officer. In 1986, he started his own contracting firm, along with several real estate development projects. While transitioning his business to several employees in 1999, Mr. Estill returned to San Jose State Unversity to complete his Bachelor’s Degree in Economics in 2003. He rediscovered a passion for economics and stayed to receive his Master’s in 2006. He now teaches at SJSU while maintaining a research program. He remains active in the community and provides consulting for closely held and ESOP companies. He enjoys auto racing with his son, as well as reading, writing, rowing, and fly-fishing.
You can read Hayek's full essay that Jack Estill will discuss here: