Entrepreneurs and American Economic Growth
Entrepreneurs and Scientists
- Common Threads
- All the Entrepreneurs we have studied either began their business careers or became
intensely interested in the area that became their business career in their teens.
- All exhibited at a young age the primary qualities that were to make them successful:
hard work, tenacity, and intelligence.
- This intelligence later manifested itself as the remarkable ability to construct and
run a business model in their heads. That is, their understanding of their chosen
business was complete so that they consciously introduced the key innovation that
made them a Schumpeteran entrepreneur.
- This combination of hard work, tenacity, and intelligence that characterizes these
great business leaders is exactly the same combination of qualities that characterizes
the great scientists.
- Both groups also excel in the ability to reason by analogy and in the ability to see patterns where others do not. That is, the great entrepreneurs tend to "find" and/or
"transfer" business methods/technologies (ideas in a larger sense) used in other areas
to the business they are in. A common pattern in Science is the transference of ideas/concepts
from one field to another.
Both groups see patterns where other people do not. For example, what do you see in
this famous picture -- a bird or a duck?
What do you see -- an old woman or a young woman?
What do you see -- who is the man in the picture?
- Finally, both are equally important in the advancement of our civilization. As Schumpeter
points out, Science and Capitalism are two sides of the same coin - the rise of rationalism.
This has produced a revolution in the human condition. Never in human history have
so many people lived lives so free of disease and material wants.
- The great entrepreneurs stand with the great scientists as the creators of our civilization.
If they are not heroes, who is?
NOMINATE Data, Roll Call Data, and Software
Course Web Pages: University of Georgia (2010 - )
Course Web Pages: UC San Diego (2004 - 2010)
University of San Diego Law School (2005)
Course Web Pages: University of Houston (2000 - 2005)
Course Web Pages: Carnegie-Mellon University (1997 - 2000)
Analyzing Spatial Models of Choice and Judgment with R
Spatial Models of Parliamentary Voting
Recent Working Papers
Analyses of Recent Politics
About This Website
K7MOA Log Books: 1960 - 2015
Bio of Keith T. Poole