The entrepreneurial renaissance and its promoters

Although economic & political changes have occurred since Alexis de Tocqueville's visit to the US in the early nineteenth century, his observation that Americans are bent primarily on the pursuit of material wealth is still valid. Opportunities remain undiminished for entrepreneurs in the U...

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Bibliographic Details
Published in:Society (New Brunswick) 1979-03, Vol.16 (3), p.27-31
Main Author: Harwood, Edwin
Format: Article
Language:English
Subjects:
Business/Businesses
Entrepreneur/Entrepreneurs/ Entrepreneurial/ Entrepreneurship
Renaissance
United States/US
Online Access:Get full text
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Summary:Although economic & political changes have occurred since Alexis de Tocqueville's visit to the US in the early nineteenth century, his observation that Americans are bent primarily on the pursuit of material wealth is still valid. Opportunities remain undiminished for entrepreneurs in the US despite increased taxation & regulation. Joseph A. Schumpeter was unduly pessimistic in Capitalism, Socialism and Democracy (New York: Harper & Brothers, 1942) about the opportunities for entrepreneurs & new firms in the early 1940s. Since Schumpeter wrote, there has been an entrepreneurial renaissance, both in terms of the number of new growth & technology firms & in terms of the emergence of an entrepreneurial calling. The entrepreneurial calling has meant the gradual professionalization of the entrepreneur. Graduate schools of business offer programs in entrepreneurial training, in which the business plan is often at the core of the curriculum. New institutes & a plethora of "how-to" books have emerged to aid in the training of both undergraduates & graduate students in the entrepreneurial calling. AA.
ISSN:0147-2011
1936-4725
DOI:10.1007/BF02701594