Purpose – The paper aims to point out that the seemingly new and novel has ancient historical precedents. Design/methodology/approach – This is an interpretive essay. It begins with an historical examination of the role of entrepreneurship in the economy and points out that its function has...

Purpose – To respond to a criticism of an earlier paper. Design/methodology/approach – The approach is the statement of a counter argument. Findings – Positive if argument is convincing to readers. Originality/value – This reply is of interest to readers.