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Evolution and the growth process natural selection of entrepreneurial traits
Content Provider | Library of Congress - Books/Printed Material |
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Author | Galor, Oded Michalopoulos, Stelios |
Temporal Coverage | 2011 |
Copyright Year | 2011 |
Abstract | "This research suggests that a Darwinian 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 traits generated an evolutionary advantage and their increased representation accelerated the pace of technological progress and the process of economic development. In mature stages of development, however, risk-averse traits gained an evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth across countries"--National Bureau of Economic Research web site. |
Language | English |
Publisher | National Bureau of Economic Research |
Publisher Place | Cambridge, MA |
Part of Series | Catalog |
Requires | HTML5 supported browser |
Access Restriction | Open |
Subject Domain (in LCC) | HB1 |
Content Type | Text |
Resource Type | Book |