Entrepreneurship today is an occupation distinct from all others. It can be characterized by great individualism, increased risk, and the lure of great reward. Successful entrepreneurs explicitly seek to increase their own prosperity, yet they often improve social welfare along the way. Their development is a topic widely discussed on the individual level by business literature. On the societal level, entrepreneurship and innovation traces back to the early modern era when Western society rejected their previous aristocratic deal (“do what I say and I’ll let you work”) in favor of the bourgeois deal (“leave me alone and I’ll make you
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