Galor, Oded; Michalopoulos, Stelios - C.E.P.R. Discussion Papers - 2011
This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of … economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit … evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting …