Entrepreneurship

Paper Summary:

The idea of entrepreneurship seems to many of us intrinsically Western, bound up in ideas by Adam Smith's about how work redeems people and helps them to claim their proper role in the universe. The paper shows however that the spirit of entrepreneurialism is as universal as human society. Across the globe there are those who take on both the responsibility and the risk for starting or running a business and do so with the belief (or at least the expectation) that they can make a profit by doing so. This paper examines the differences and the continuities between two groups of entrepreneurs, those working in west Africa and those working in Harlem.

From the Paper:

"The (Western) stereotype of the entrepreneur is a loner, an innovator who works impossibly long hours on his (or less often her) own and with nerves of steel risks everything time and again to come up in the end with a jackpot. However, this stereotype is not particularly useful in a traditional society, where ties of obligation are intergenerational, and where the overall level of poverty makes sharing what wealth one has even more of a moral obligation than it is in the United States."

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