In economics, there has always been a big debate about what drives economic growth. In the end, economists have assumed that positive “shocks” to an economy just kind of happen. However, there have been some thinkers who looked inside the black-box and focused on entrepreneurship.
The three most interesting thinkers have to be Max Weber – known was his idea of the “Protestant Work Ethic” , Joseph Schumpeter – famed for his concept of “Creative Destruction” and Frank Knight who worked on differentiating uncertainty from risk.
I’ll elaborate on each on this podcast.
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