Tag Archives: entrepreneurship

Emergent vs. trained entrepreneurship

Entrepreneurship is the modern-day philosopher’s stone: a mysterious something that supposedly holds the secret to boosting growth and creating jobs.

20130720_WBD000_0This is how a recent Schumpeter column in the Economist starts out. The argument that the author shares with us is basically that the heist for entrepreneurship both in developed countries as well as in developing countries (although he focuses on the first) is based on a faulty understanding of what an entrepreneur actually is: Continue reading