Darwinian Evolution of Entrepreneurial Spirit and the Process of Development

  title={Darwinian Evolution of Entrepreneurial Spirit and the Process of Development},
  author={Stelios Michalopoulos},
This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit evolved nonmonotonically in the course of human history. In early stages of development, the rise in income generated an evolutionary advantage to entrepreneurial, growth promoting traits and their increased representation accelerated the pace of… CONTINUE READING

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