The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times

The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times

The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times

The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times

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Overview

A sweeping global history of entrepreneurial innovation

Whether hailed as heroes or cast as threats to social order, entrepreneurs—and their innovations—have had an enormous influence on the growth and prosperity of nations. The Invention of Enterprise gathers together, for the first time, leading economic historians to explore the entrepreneur's role in society from antiquity to the present. Addressing social and institutional influences from a historical context, each chapter examines entrepreneurship during a particular period and in an important geographic location.

The book chronicles the sweeping history of enterprise in Mesopotamia and Neo-Babylon; carries the reader through the Islamic Middle East; offers insights into the entrepreneurial history of China, Japan, and Colonial India; and describes the crucial role of the entrepreneur in innovative activity in Europe and the United States, from the medieval period to today. In considering the critical contributions of entrepreneurship, the authors discuss why entrepreneurial activities are not always productive and may even sabotage prosperity. They examine the institutions and restrictions that have enabled or impeded innovation, and the incentives for the adoption and dissemination of inventions. They also describe the wide variations in global entrepreneurial activity during different historical periods and the similarities in development, as well as entrepreneurship's role in economic growth. The book is filled with past examples and events that provide lessons for promoting and successfully pursuing contemporary entrepreneurship as a means of contributing to the welfare of society.

The Invention of Enterprise lays out a definitive picture for all who seek an understanding of innovation's central place in our world.


Product Details

ISBN-13: 9780691154527
Publisher: Princeton University Press
Publication date: 02/26/2012
Series: The Kauffman Foundation Series on Innovation and Entrepreneurship , #10
Pages: 584
Sales rank: 657,504
Product dimensions: 7.00(w) x 9.90(h) x 1.40(d)

About the Author

David S. Landes is the Coolidge Professor of History and professor emeritus of economics at Harvard University. Joel Mokyr is the Robert Strotz Professor of Arts and Sciences and professor of economics and history at Northwestern University. William J. Baumol is the Harold Price Professor of Entrepreneurship at New York University's Stern School of Business.

Table of Contents

Foreword by Carl J. Schramm vii Preface: The Entrepreneur in History by William J. Baumol ix

Acknowledgments by William J. Baumol and Robert J. Strom xv

Introduction: Global Enterprise and Industrial Performance: An Overview by David S. Landes 1

Chapter 1: Entrepreneurs: From the Near Eastern Takeoff to the Roman Collapse by Michael Hudson 8

Chapter 2: Neo-Babylonian Entrepreneurs Cornelia Wunsch 40

Chapter 3: The Scale of Entrepreneurship in Middle Eastern History: Inhibitive Roles of Islamic Institutions by Timur Kuran 62

Chapter 4: Entrepreneurs and Entrepreneurship in Medieval Europe by James M. Murray 88

Chapter 5: Tawney's Century, 1540-1640: The Roots of Modern Capitalist Entrepreneurship by John Munro 107

Chapter 6: The Golden Age of the Dutch Republic Oscar Gelderblom 156

Chapter 7: Entrepreneurship and the Industrial Revolution in Britain by Joel Mokyr 183

Chapter 8: Entrepreneurship in Britain, 1830-1900 by Mark Casson and Andrew Godley 211

Chapter 9: History of Entrepreneurship: Britain, 1900-2000 by Andrew Godley and Mark Casson 243

Chapter 10: History of Entrepreneurship: Germany after 1815 by Ulrich Wengenroth 273

Chapter 11: Entrepreneurship in France by Michel Hau 305

Chapter 12: Entrepreneurship in the Antebellum United States by Louis P. Cain 331

Chapter 13: Entrepreneurship in the United States, 1865-1920 by Naomi R. Lamoreaux 367

Chapter 14: Entrepreneurship in the United States, 1920-2000 by Margaret B. W. Graham 401

Chapter 15: An Examination of the Supply of Financial Credit to Entrepreneurs in Colonial India by Susan Wolcott 443

Chapter 16: Chinese Entrepreneurship since Its Late Imperial Period by Wellington K. K. Chan 469

Chapter 17: Entrepreneurship in Pre-World War II Japan: The Role and Logic of the Zaibatsu by Seiichiro Yonekura and Hiroshi Shimizu 501

Chapter 18: "Useful Knowledge" of Entrepreneurship: Some Implications of the History by William J. Baumol and Robert J. Strom 527

List of Contributors 543

Index 545

What People are Saying About This

From the Publisher

"While entrepreneurship is as old as civilization itself, its history is little known and widely scattered. This book sheds a fascinating light on the prevalence and importance of entrepreneurship across the continents and the millennia. The Invention of Enterprise is sure to lead to a deeper appreciation of this phenomenon."—Josh Lerner, Harvard Business School

"The modern world became wealthy by shifting toward productive entrepreneurship. How did this happen? How might it continue to happen? Read this book—the first comprehensive history of entrepreneurship—and find out. It's a remarkable work of scholarship."—Richard Sylla, New York University

"There are other books on the history of entrepreneurship, but The Invention of Enterprise offers a substantial and fresh approach. These top-notch economic historians cover a vast geographic span and broad period of time."—William J. Hausman, College of William and Mary

"The Invention of Enterprise addresses a topic that has been sorely neglected—the role of the entrepreneur in historical context. The breadth of historical contexts contained in this volume provides compelling evidence that entrepreneurship is important for economic growth and that institutions shape entrepreneurship. This well-researched and well-written book is a pleasure to read."—David Audretsch, Indiana University

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