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Freedom, Entrepreneurship and Economic Progress Clark, J R.

By: Clark, J R

Contributor(s): Lee, Dwight R

Material type: Article

ArticlePublisher: The Journal of Entrepreneurship 2006Description: 1-17Subject(s): Political Failure | Entrepreneurial Success | Freedom | EntrepreneurshipOnline resources: Click here to access online In: The Journal of EntrepreneurshipSummary: All countries have people with an entrepreneurial spirit, but in far too many of them their talent and drive lie fallow. We argue that the most fertile soil for the seeds of entrepreneurship consists of the freedom and informed discipline that characterise market economies. In markets, freedom and informed discipline reinforce each other in ways that allow entrepreneurial failures to be tolerated through a process of restraint and knowledge creation, which converts them into engines of economic progress. Unfortunately, when economies become overly politicised, entrepreneurial ventures can become suppressed, not because of their failures, but because of their successes.

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Item type	Current location	Call number	Vol info	Status	Date due	Barcode
Articles	Ahmedabad (HO)	(Browse shelf)	Vol. 15, Issue. 1	Available		011290

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All countries have people with an entrepreneurial spirit, but in far too many of them their talent and drive lie fallow. We argue that the most fertile soil for the seeds of entrepreneurship consists of the freedom and informed discipline that characterise market economies. In markets, freedom and informed discipline reinforce each other in ways that allow entrepreneurial failures to be tolerated through a process of restraint and knowledge creation, which converts them into engines of economic progress. Unfortunately, when economies become overly politicised, entrepreneurial ventures can become suppressed, not because of their failures, but because of their successes.

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