Entrepreneurialism is a Mindset, a way of Thinking

Jonathan H. Apikian writing in CIPE:

Carl Schramm, president and CEO of the Kauffman Foundation and co-author, with William J. Baumol and Robert E. Litan, of the book Good Capitalism, Bad Capitalism, explained in a recent article for Foreign Affairs that just supporting democracy around the world is no longer sufficient—the economic policies necessary to sustain it must also be taught. Schramm notes that economic growth achieved through an entrepreneurial-driven policy is “critical to establishing social stability, which is the ultimate objective of the counterinsurgency campaigns and disaster-relief” that are a part of most reconstruction efforts. Research shows that a healthy middle class based on a thriving entrepreneurial society is essential to maintaining democratic stability.