The invention of enterprise : entrepreneurship from ancient by Baumol, William J.; Landes, David S.; Mokyr, Joel

By Baumol, William J.; Landes, David S.; Mokyr, Joel

Whether hailed as heroes or forged as threats to social order, entrepreneurs--and their innovations--have had a massive impact at the development and prosperity of countries. The Invention of Enterprise gathers jointly, for the 1st time, prime fiscal historians to discover the entrepreneur's position in society from antiquity to the current. Addressing social and institutional affects from a historic context, every one bankruptcy examines entrepreneurship in the course of a specific interval and in an immense geographic location.

The ebook chronicles the sweeping heritage of company in Mesopotamia and Neo-Babylon; contains the reader during the Islamic center East; bargains insights into the entrepreneurial background of China, Japan, and Colonial India; and describes the the most important function of the entrepreneur in leading edge task in Europe and the us, from the medieval interval to at the present time. In contemplating the serious contributions of entrepreneurship, the authors speak about why entrepreneurial actions will not be consistently efficient and will even sabotage prosperity. They research the associations and regulations that experience enabled or impeded innovation, and the incentives for the adoption and dissemination of innovations. additionally they describe the broad diversifications in international entrepreneurial job in the course of varied historic sessions and the similarities in improvement, in addition to entrepreneurship's function in monetary development. The e-book is full of prior examples and occasions that offer classes for selling and effectively pursuing modern entrepreneurship as a way of contributing to the welfare of society.

The Invention of Enterprise lays out a definitive photograph for all who search an figuring out of innovation's principal position in our world.

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Extra resources for The invention of enterprise : entrepreneurship from ancient Mesopotamia to modern times

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The vast supply of Near Eastern tablets and inscriptions dealing with economic affairs is being translated free of the past generation's ideological split over whether the economic organization of classical Greece was “ancient,” “primitivist,” and “anthropological” in character, as asserted by Karl Bücher, Karl Polanyi, and Moses Finley, or “modern,” as asserted by Eduard Meyer and Mikhail Rostovtzeff. (The basic documents in the century-old debate are collected in Finley 1979. ) Half a century ago, Polanyi and Finley criticized “modernist” views of antiquity by claiming that it operated as part of a system more “traditional” and bureaucratic than entrepreneurial.

Their dependent labor force produced textiles for export, and beer for domestic sale. The absence of either export or local sales documents suggests that the temples and palaces advanced these commodities to merchants for later payment upon the return from a voyage, after a five-year period, or at harvest time for domestic sales for payment in crops. In the early stages of long-distance trade they were given rations or “salaries” and supplied with donkeys by the temples, a sure sign of their public role (Frankfort 1951, 67).

She stepped in to rescue us after the very sad passing of Sue Anne Blackman, our beloved colleague of many years, who had been expected to oversee the preparation of this volume. She and Janeece Lewis, Baumol's very capable associate at NYU, deserve much of the credit for the final emergence of the volume. We must also express our gratitude to our colleagues at Princeton University Press, with whom we have worked before, so that their helpful contribution came as no surprise. Finally, we must acknowledge our tremendous debt to the Ewing Marion Kauffman Foundation, not only for its very encouraging support of this volume, but perhaps even more for giving it one of the inaugural positions in the Kauffman Foundation Series on Innovation and Entrepreneurship.

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