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St. Lawrence News

Jack Knych '12
Jack Knych '12, of Jamesville, NY, will present a paper he co-authored with Dana Professor of Economics Steven Horwitz at the Association of Private Enterprise Education (APEE) international conference in Las Vegas April 1-3. The paper is titled "The Importance of Failure," and discusses the view that while entrepreneurs discover new knowledge and better ways of producing things, their efforts also frequently fail. Kynch and Horwitz argue in the piece that "While success is the engine that accelerates us toward our goals, it is failure that steers us toward the most valuable goals possible. Once failure is recognized as being just as important as success in the market process, it should be clear that the goal of a society should be to create an environment that not only allows people to succeed freely but to fail freely as well." The project is Knych's honors thesis in economics.

The APEE is an association of teachers and scholars from colleges and universities, public-policy institutes and industry with "a common interest in studying and supporting the system of private enterprise."

Knych is also a presenter at the Undergraduate Philosophy Conference at St. Lawrence, April 6 and 7, on the topic "Virtue is Mindfulness: Defending the Strength of Goodness and the Imperfect Sage with an Analysis of Stoic Philosophy."

A member of the track and cross country teams, Kynch plans to attend George Mason University for graduate study in economics.



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