Beugelsdijk, Sjoerd; Smeets, Roger - In: American Journal of Economics and Sociology 67 (2008) 5, pp. 915-939
We reestimate <link rid="b22">McClelland's (1961)</link> thesis on entrepreneurial culture and economic development. McClelland found a strong positive correlation between measures of need for achievement ("N" achievement) imagery in school textbooks and the subsequent rate of economic growth. Benchmarking our...