The majority of people, other than psychopaths, are not as ruthless in the quest to externalize their costs. A substantial portion of academics sacrifice renown and glory to do research they believe has intrinsic value. This is in large part the reason they can be paid so much less than people of equivalent ability in the private sector.
I agree with your general point about business men and entrepreneurship being undervalued however.
The majority of people, other than psychopaths, are not as ruthless in the quest to externalize their costs. A substantial portion of academics sacrifice renown and glory to do research they believe has intrinsic value. This is in large part the reason they can be paid so much less than people of equivalent ability in the private sector.
I agree with your general point about business men and entrepreneurship being undervalued however.