Why is a free market economy necessary for entrepreneurship? Entrepreneurs exist in every economy?
Maria-Teresa Lepeley <mtlepeley@GLOBALQUALITYEDUCATION.ORG> wrote:
Paola:
You have posted a very relevant question! Look, there is nothing new about entrepreneurship because people willing to undertake risk on personal resources to obtain an income in return, and be independent, is indeed one of the oldest professions to earn a living. Schumpeter is right by claiming that economic progress (and I would add social development), largely depend on entrepreneurial development. Nevertheless we need to be aware that a free market economy is a necessary condition for entrepreneurial growth and development, as much as to acknowledge the fact that small business enterprises are the real engine of growth in market economies.
So far the discipline of entrepreneurship is more a profession than an academic subject. It is indeed a more recent field of study in academia, but entrepreneurial education has been offered extensively by professional institutions around the world and now it is rapidly blooming in the best business schools worldwide. In the <st1:country-region w:st="on"><st1:place w:st="on">United States</st1:place></st1:country-region>, for instance, the number of business schools offering entrepreneurial studies has grown exponentially in the last 5 years.
I agree with Luiz Okima about the importance of the Global Entrepreneurship Monitor www.gemconsortuin.org You will find a wealth of information there. I suggest you to review GEMs Report on Women in Entrepreneurship. It includes unique and valuable comparisons among nations. I have created entrepreneurial education programs for women in the <st1:country-region w:st="on">United States</st1:country-region>, Latin America, and the <st1:place w:st="on">Middle East</st1:place>, and I consider this field critical to foster economic growth in the 21st Century.
Best luck in your studies on social entrepreneurship
You will truly find out what social entrepreneurship is when and if you practice it yourself! Social entrepreneurship is becoming a very important endeavor around the world.
Maria-Teresa Lepeley
President & CEO
Global Institute for Quality Education - GIQE - <st1:place w:st="on"><st1:country-region w:st="on">United States</st1:country-region></st1:place>
Instituto Global de Calidad en Educacion - IGCE - Latin America
Tel: 1-860-888-3807
www.globalqualityeducation.org
Paola, its not a silly question. I think that all of us asked ourselves at least once the same question.
I think a way to begin is to exchange opinions about Global Entrepreneurship Monitor (http://www.gemconsortium.org/), and other research projects that are international and annual like it.
Best,
Luiz Ojima Sakuda
UniFEI - <st1:country-region w:st="on"><st1:place w:st="on">Brazil</st1:place></st1:country-region>
I am studying social entrepreneurship, and though I have read a lot on entrepreneurship I am not as imbued with the literature as many people.
I know that Schumpeter claimed that economic progress is dependent on entrepreneurship. I also know that economics as a discipline has had little to do with the entrepreneurship. A few years ago I read Wilken's work - Entrepreneurship: A comparative and historical study - where he concludes that entrepreneurship is not a causal factor in industrial revolutions but rather a 'mediating variable'. I was wondering what other research there is which questions empirically what the impact of entrepreneurship is at the level of the economy. I am interested in what proof there is that entrepreneurship does lead to economic progress and prosperity - and if it does, then what sort of entrepreneurship.
thanks for 'listening', and apologies if this is a silly question.
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